Govt easing norms for newer carriers to go international?

20771 Investors following Jet Airways. Share this News with them.

0

Like this story, share it with millions of investors on M3

Govt easing norms for newer carriers to go international?

The Group of Ministers, or GoM, are meeting today to sort out the dogfight in Indian skies. They are expected to discuss lowering norms for airlines wanting to go international.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See latest News about Jet Airways See previous management interviews See what other Experts & Brokerages are saying about Jet Airways Jet Airways BSE | NSE 25/05/12 Are Mutual Funds betting on Jet Airways?

The Group of Ministers, or GoM, are meeting today to sort out the dogfight in Indian skies. They are expected to discuss lowering norms for airlines wanting to go international.

Currently, they need to have a 5-year flying record and have 20 aircraft. The only two private airlines which meet these norms are Jet Airways and Jetlite , both owned by Naresh Goyal .

Sources have told the TV18 network that Jet is lobbying to introduce a profitability criterion, which will effectively keep out newer airlines.