Civil Aviation Minister Ashok Gajapathi Raju met Finance Minister Arun Jaitley on June 9 and deliberated on various issues concerning the aviation sector, amid talks of Union Cabinet expected to take up the draft aviation policy for approval soon
"Extensive consultations have taken place and lots of responses have come. All of these, we will compile, study and the notes are under formulation," Union Civil Aviation Minister Ashok Gajapathi Raju says
The Ministry is preparing the draft note for the Cabinet at present, which is likely to be ready by December 25, following which it will be sent for inter-ministerial comments, Civil Aviation Ministry sources said on Thursday.
Draft Aviation Policy
Company has been looking for pockets of productivity globally and India offers a pretty compelling proposition especially for a highly engineered product like ours, said Pratyush Kumar, President, Boeing India.
ATF cost, which constitutes 40 percent of the operating cost of an airline, is an important determinant of operating margin. States charge anywhere between 4 to 30 percent sales tax on ATF, making the fuel 30-35 percent more expensive than in most countries
Phee Teik Yeoh, CEO, Vistara is not terribly disappointed with no clarity on the 5/20 rule in the aviation draft policy. However, thinks the government will completely abolish it for the benefit of the industry and the economy as a whole.
As long as the thrust is primarily in terms of ensuring that the critical elements of the policy structures are implemented both in terms of fiscal regime, infrastructure and structural issues like DGCA, in the long-term it will be good for everyone, says Kapil Kaul of CAPA