The Flight Path

Updated on: 7 February 2024 6:08 pm

The Flight Path

An equity participation of 49 per cent by foreign airlines to be allowed when the industry is ‘stronger’
The FDI will be allowed only after being passed by the FIPB
The route dispersal guidelines will be replaced by a subsidy-based system. Operators on economically less viable sectors will be offered subsidies.
The minimum equity required to start a new airline has been raised from Rs 30 to Rs 50 crore
Upper age limit for import or lease of aircraft will now be 8 years, not 15
An Aviation Economic Regulatory Act has been proposed to frame guidelines for mergers
AAI will undertake the modernisation of 35 smaller airports. The first phase will be completed by 2007.