The meeting also comes at a time when the government is in the process of deciding the final contours of the ambitious Regional Connectivity Scheme (RCS).
"Met with lessors, OEM and aviation industry to kick- start the regional connectivity leasing market. Very productive discussion," Sinha, who is the Minister of State for Civil Aviation, said in a tweet.
Last week, he had said that efforts would be made to ensure that flights under RCS start from January 1.
VGF would be created by way of charging a small levy per departure on all domestic flights on certain routes and small aircraft below 80 seats. Central and state governments would be sharing the VGF amount.
The fares for one-hour flights under the RCS would be capped at Rs 2,500 under the scheme.
The Ministry has signed memorandum of understanding with Gujarat, Maharashtra, Chhattisgarh, Jharkhand and Puducherry among others for implementation of RCS.
RCS refers to operation of an air transport service between any two airports, of which at least one has been declared by the central government as un-served or under-served. There are 394 un-served and 16 under-served airports.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
