New civil aviation policy, decision on 5/20 rule soon: Mahesh Sharma
MoS Civil Aviation reiterates no plan to regulate domestic economy class fares
 "New civil aviation policy, decision on 5/20 rule soon: Mahesh Sharma")
The Centre has proposed to implement the new civil aviation and tourism policy within a fortnight. The Civil Aviation Ministry will take decision on the controversial 5/20 rule in the new policy.
The rule says an airline needs to fly five years in the domestic market and have a fleet of 20 aircraft before it can fly abroad.
"The new civil aviation policy will address both the issues of opening up the skies and regional connectivity in a very aggressive and fulfilling manner," said the Union Minister of State for Civil Aviation Mahesh Sharma. He was speaking to reporters at the Maritime India summit.
Sharma informed that the government will make operational 100 of the total 378 air strips for regional connectivity with an investment of Rs 50-100 crore each.
Sharma informed that the new policy envisages fare of Rs 2,500 for flights of one hour duration journey in Tier II and III cities under the regional connectivity scheme. Further, the minister said the government has no move to regulate economy class airfares for domestic routes.
"The government is working with airline companies to arrive at a consensus to fix the upper bracket," he added. He cited as per the International Civil Aviation Organisation policies there is no cap on air fares in the world.
The rule says an airline needs to fly five years in the domestic market and have a fleet of 20 aircraft before it can fly abroad.
Read more from our special coverage on "5/20 RULE"
"The new civil aviation policy will address both the issues of opening up the skies and regional connectivity in a very aggressive and fulfilling manner," said the Union Minister of State for Civil Aviation Mahesh Sharma. He was speaking to reporters at the Maritime India summit.
Sharma informed that the government will make operational 100 of the total 378 air strips for regional connectivity with an investment of Rs 50-100 crore each.
Sharma informed that the new policy envisages fare of Rs 2,500 for flights of one hour duration journey in Tier II and III cities under the regional connectivity scheme. Further, the minister said the government has no move to regulate economy class airfares for domestic routes.
"The government is working with airline companies to arrive at a consensus to fix the upper bracket," he added. He cited as per the International Civil Aviation Organisation policies there is no cap on air fares in the world.