Govt to soon come out with cargo policy for sustainable growth of aviation

Source: Business Standard, Oct 11, 2018

New Delhi: The government will soon come out with an air cargo policy, and a vision document is being proposed to ensure “sustainable growth” of the domestic aviation sector for all times to come, Union Minister Suresh Prabhu said Wednesday.

India is one of the fastest growing aviation markets in the world and has been registering double-digit growth for nearly four years.

Emphasising that security, safety, convenience and affordability are the key aspects, the Civil Aviation Minister said the aviation vision for 2035 would address all the issues so that “we will have a sustainable growth in air travel in India for all times”. Read the rest of this entry »

Decision on Aviation FDI Likely This Week

Source: The Economic Times, April 11, 2012

New Delhi: The government is close to allowing foreign airlines to pick up stakes in Indian carriers, throwing a potential lifeline to struggling aviation companies. “The Cabinet is likely to decide on the proposal to allow investments by foreign carriers into Indian ones this week,” a senior official from the civil aviation ministry told ET.An immediate beneficiary could be financially stressed Kingfisher Airlines, whose owner Vijay Mallya recently said the revival of his airline depends on government policy.

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