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Coronavirus in India: Restrictions on utilisation of Indian air space eased

More air space available would reduce travel time and save on fuel.

Finance Minister Nirmala Sitharaman on Saturday announced easing of restrictions on utilisation of Indian air space, benefiting civil aviation sector by about Rs 1,000 crore per year.

Announcing the fourth tranche of economic stimulus, she said only 60 per cent of Indian airspace is freely available.

 

More air space available would reduce travel time and save on fuel, she said.

The finance minister said six more airports will be auctioned for private participation.

Also, an additional investment of Rs 13,000 crore will be made by private players in 12 airports auctioned in first and second rounds.

She also said tax regime for aircraft Maintenance, Repair and Overhaul (MRO) has been rationalised.

Aircraft component repair and airframe maintenance are expected to increase from Rs 800 crore to Rs 2,000 crore in three years, she added.

 

 

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Sourav Kumar

Sourav Kumar is new to online journalism but she is keen to learn. She is an MBA from a reputed university. She brings together relevant news pieces from various industries. She loves to share quick news updates. She is always in search of interesting news so that she can share them as well to Sunriseread's readers who could enjoy them with their morning coffee.

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