NEW DELHI: The civil aviation ministry has put in motion a process to scrap the controversial Domestic Flying Credit (DFC) model, which was proposed as replacement for the so-called 5/20 eligibility norms for Indian carriers to launch overseas operations but was opposed by all airlines. Under the 5/20 rule, an airline must have at least 20 aircraft and five years of experience in domestic operations before seeking to spread its wings abroad. The ministry, under the new secretary RN Choubey, believes that one such regulation cannot be replaced by another regulation, officials said.
NEW DELHI: About 70 per cent of international traffic to and from India opt international carriers and not Indian carriers, as the former have a clear cut lead over their Indian peers in terms of flights in and out of the country, says a report — Maximising the contribution of aviation to the Indian Economy - released by Tata SIA Airlines on Tuesday. "The fact that 70 per cent people flying in and out of India opt for international airlines is something that is a concern for us.
NEW DELHI: Passengers on international flights from and to India will soon be able to pay for merchandise or refreshments on board in rupees, as the government is considering a proposal to allow carriers flying into the country to bring in the local currency. The Reserve Bank of India is in favour of enabling airlines to bring rupee notes representing the sale proceeds of merchandise on board international flights, a senior government official aware of the deliberations said. "We are reviewing the matter.
India said it may stop European carriers from flying into the country if the European Union bans airlines from the South Asian nation that boycott the EU's new emissions fee system."We will take retaliatory actions to counter steps taken by the EU. If Europe bans our carriers we will ban theirs as well," the senior government official, who did not want to be named, told reporters late Friday.The EU in mid-May gave India and China a month to comply with the airline carbon emissions fee system across the 27-nation bloc, or face penalties for flights into and out of Europe.
NEW DELHI: India and the European Union are taking steps to end a trade row sparked by an EU ban on Indian pharmaceutical products that New Delhi responded to by cancelling talks on a free trade accord with its largest trading partner, officials said. Indian Prime Minister Narendra Modi's office wrote to the EU Trade Commissioner to intervene when the ban on around 700 pharmaceutical products was formalised in May, two government sources in New Delhi said.
By Vikas Dandekar & Raji Reddy Kesireddy MUMBAI | HYDERABAD: India may contest a decision by the European drug regulator to recommend a ban on as many as 700 generic products tested by GVK Biosciences at its Hyderabad facility, citing it as a restriction on trade. The decision, which was reiterated by the European Medicines Agency last week, will become legally binding if the European Commission accepts it and possibly set back India's pharma exports by at least $1 billion.
NEW DELHI: Vistara and AirAsia India may soon be able to fly international, as Prime Minister Narendra Modi has favoured scrapping of the 5/20 eligibility rule that bars Indian carriers from flying overseas until they complete five years of domestic service and have a fleet of 20 aircraft. The PM made his views clear during a meeting on August 25 to discuss the new civil aviation policy, which is being formulated. Removal of the 5/20 rule is part of the proposals.
NEW DELHI: Regional carriers Air Costa and FLYeasy are working towards spreading their wings across the country. Vijayawada-based Air Costa has applied to the Directorate General of Civil Aviation (DGCA) to get its flying licence upgraded to that of a national carrier. FLYeasy, which is still in the process of getting a regional flying permit from DGCA and will be based out of Bengaluru, is also likely to go for an upgrade to a national licence as it has announced intended launch of flights to destinations beyond the southern region.
The airline business is cutthroat in virtually every market in the world, but it is especially difficult for start-up airlines in India. Fuel prices and fickle passengers aside, start-up airlines in the country must contend with a truly suffocating piece of government regulation that hinders their growth.