"So, with the government retaining the 20-plane clause for international operations, I think we will be able to take a call only after that. Of course, we are reviewing and refining our international strategy," Vistara chief strategy and commercial officer Sanjiv Kapoor told PTI.
The new civil aviation policy has an integrated approach to take flying to the masses, but the move to cap fares for one-hour flights on unserved regional routes at Rs 2,500 is likely to be a negative for airline companies, says a report
The government today approved its long-awaited National Aviation Policy, which contains various measures to boost the country's under-penetrated aviation sector and boost connectivity across towns.
Ahead of the release of the Civil Aviation Policy where the government is widely expected to take a decision on the contentious 5/20 rule, Mayur Milak on AnandRathi discussed his outlook on various listed aviation stocks.
The National Civil Aviation Policy looks to do away with many of the bugbears that has been ailing the sector. The BJP-led government, which has been in power for two years, has kicked it up a notch and presented a revised draft policy to the Cabinet. It remains to be seen if many of the proposals will see the light of day.
An inter-ministerial panel is understood to have recommended replacing 5/20 international flying norms for domestic carriers, amid bitter tussle between old and new airlines over continuing with the regulation.
New aviation policy will be out soon says Mahesh Sharma, MoS, Civil Aviation in an interview to CNBC-TV18‘s Rituparna Bhuyan
Reacting strongly to the charge, low-cost carrier SpiceJet's chief Ajay Singh asked him to rather advice the two airlines associated with Tatas - Vistara and AirAsia India - to first serve India and then seek to fly international
Goh Choon Phong, CEO, Singapore Airlines thinks the 5/20 rule will constrain Vistara from expanding and serving India.
The revised draft Civil Aviation Policy was unveiled on October 30 by Civil Aviation Minister Ashok Gajapathi Raju to provide a conducive environment and a level playing field to all stakeholders.
The government's draft civil aviation policy released today contains several positives such as providing several incentives to encourage aircraft maintenance, repair and operations (MRO) work in India as well as its focus on boosting regional connectivity, says AirAsia India chief executive Mittu Chandilya.
India's ghost airports may soon get a new lease of life. The country has about 400 airports/airstrips but only close to 100 are being used for commercial purposes as of now.
Sources say that the ministry, which is in the process of drafting an aviation law, will look to open the skies that lie within 5,000 km radius, but may exclude countries such as those from the Gulf along with Turkey and Singapore.
Air India has asked the Government to "reconsider" the proposed easing of 5/20 rule which will help new airlines to fly overseas without serving much on domestic routes, saying the move will be "detrimental" not only for the national carrier but also against the other established players.
The Aviation Ministry is preparing a Cabinet note that will seek to replace the 5/20 rule that prevents new Indian airlines from flying abroad with a points-based system, one that has earned its own criticism from analysts.
In an interaction with CNBC-TV18‘s Kritika Saxena, CEO Mittu Chandilya discussed the company‘s strategy as well as whether it will start operations from Mumbai.
To a query on the controversy over Centre's plan to develop some airports in the partnership with private firms, Raju said he is neither against privatisation nor public sector. "Personally, I am not against privatisation. Similarly, I am also not against public sector.
Under the existing "5/20" rule, Indian airlines must be up and running for five years or possess 20 planes before they can start flying overseas routes, a restriction the civil aviation ministry has said it is committed to scrap.
In an interview to CNBC-TV18‘s Shereen Bhan, the board of AirAsia, including founder & group CEO Tony Fernandes, AirAsia India CEO Mittu Chandilya and Non-Executive Chairman S Ramodarai discuss on the new rules and ease of doing business in India.
But is planning to bring in provisions which could still take a startup airline 2-2.5 years to fly abroad.
The existing airlines are also unhappy about the new government proposal to link overseas flying henceforth with increased regional connectivity in the domestic market.