Govt taking steps to revive aviation industry: Minister
"Based on the recommendation of the Working Group, the Government has taken several measures to revive the aviation industry and ensure long term viability of the sector," he told the Lok Sabha. The steps taken are:
(i) Director General of Foreign Trade has allowed direct import of ATF by airlines on actual user basis.
(ii) FDI by foreign airlines in the domestic scheduled and non scheduled carrier has been permitted upto 49 percent of their paid up capital.
(iii) ECB upto $ USD 1 billion has been permitted for the airlines to meet their working capital requirement.
(iv) Operation in domestic sector has been deregulated. As such airlines are free to operate anywhere in the country subject to compliance of Route Dispersal Guidelines.
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