Monday, 15 July 2013

India may lift 5-year rule for airline sector

AirAsia India will be the beneficiary should the Indian government choose to relax the 5/20 rule for domestic airlines to fly abroad. In India, the 5/20 rule makes it mandatory for any domestic airline to have a fleet size of at least 20 aircraft and a record of five years of domestic operations before it can be allowed to fly overseas. Air India, IndiGo, SpiceJet and Jet Airways had crossed the threshold and have been flying overseas.

"We are looking to revoke the 5/20 rule. We are looking at reducing the number of aircraft required as well as the number of years of domestic flying," a senior official in the Indian Civil Aviation Ministry said. (Starbiz)

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