The funds would be for India Aviation Safety Technical Assistance Phase II and the government would pitch in with USD 446,866.
The USTDA would partially fund the "assistance to the tune of USD 808,327 and contractor The Wicks Group (TWG) would share the cost of assistance at USD 75,000.
"Phase II of the current project is aimed at sustaining efforts undertaken during 2014 for restoration of IASA Category 1 status and bringing in more systemic improvements in the area of operation, airworthiness and licensing. It will include components on general aviation and business aviation," an official release said today.
The Directorate General of Civil Aviation (DGCA) and the USTDA today inked a grant agreement here for India Aviation Safety Technical Assistance Phase II.
In April, the US Federal Aviation Administration (FAA) restored India's Category 1 safety rating.
The International Civil Aviation Organisation (ICAO) had raised certain safety concerns about Indian aviation in its 2012 audit.
Later in March 2014, the USTDA in coordination with FAA approached DGCA and offered assistance under a grant agreement to address issues in the wake of IASA audit findings.
Then, TWG assisted DGCA in addressing the issues and prepared for a reassessment by FAA in December 2014.
Based on that reassessment and a follow-up visit in March 2015, India's Category 1 status was restored in April 2015.
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
