An inter-ministerial panel will decide on the contentious issue of opening organised retail to foreign investment after examining stakeholder feedback to the discussion paper put out by the government.
Big airlines are making losses and need equity while there are no investors, said a department of industrial policy & promotion official.
The ground is set for a spurt in helicopter services, but a lack of regulation is holding back the sector. RK Tyagi, chairman and managing director, Pawan Hans Helicopters, says with right laws India could add 500 helicopters to the existing 250 in five years.
A fleet of a few thousand helicopters will fly along dedicated air corridors in Indian cities by 2020 if the civil aviation ministry has its way.
The Airports Authority of India will lease out land around the airports for 30 years for some upfront fees and yearly rentals.
Airports are humming again. The country’s airlines have drawn up ambitious expansion plans against a brightening backdrop, but are confronted with a severe shortage of experienced pilots.
Low-cost carriers such as IndiGo, SpiceJet and GoAir are expected to more than double the number of aircraft on domestic sectors to around 130 from 58 at present.
Domestic air carriers do not plan to lower air fares despite state-owned oil companies slashing rates of jet fuel by 4% on Tuesday.
Air India has decided to slash fares by around 10% in an attempt to shore up market share, raising the possibility of a full-blown price war in the debt-laden domestic aviation industry.
The national carrier will reduce fares on 48 domestic routes by 3-23% effective September 1.
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