For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Aviation Minister Raju holds meeting with FM

By Religare
|

Civil Aviation Minister Ashok Gajapathi Raju yesterday held discussions with Finance Minister Arun Jaitley on various issues, reported PTI.

The meeting assumes significance against the backdrop of the Civil Aviation Ministry in advanced stage of finalising the much-awaited civil aviation policy.

While there was no official word about what transpired during the meeting, both ministers are believed to have discussed the broader issues related to the aviation sector.

After the meeting, Raju did not divulge any details about his discussions with Jaitley and only said, "media will be informed at a suitable stage".

 

The civil aviation policy, which has been in the works for a long time, is expected to provide a fillip to the domestic aviation sector which has high growth potential.

The policy would look to enhance regional air connectivity, rationalise jet fuel cost, promote air cargo, maintenance, repair and operations (MRO) and helicopter operations and improve passenger facilitation.

It is also anticipated to come up with possible changes to the 5/20 norm whereby domestic airlines are required to have at least five years operational experience and minimum 20 planes to fly overseas.

The draft policy was initially unveiled in November 2014 and after taking the comments and suggestions into consideration, the Civil Aviation Ministry is looking at certain modifications to it.

Story first published: Thursday, August 20, 2015, 9:10 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more