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The Dollar Business Bureau Air passenger traffic of domestic carriers increased around 16% to 86.55 lakh in the month of February compared to the same period in the previous year, according to the data by Directorate General of Civil Aviation (DGCA). India’s domestic carriers together flew overall 86.55 lakh passengers in the month of February 2017 against the 74.76 lakh passengers in the same month of the previous year, witnessing a growth of 15.77%, the data said. Significantly, in the month of January, the air passenger traffic had increased 25.13% to 95.79 lakh. As per the data, low cost carrier IndiGo carried the maximum number of fliers in the given month at 34.19 lakh, whereas its rival SpiceJet ...

The Dollar Business Bureau   IndiGo, a low-cost carrier, is going to add a fleet of new aircrafts to its network from May, to make its presence felt in the fastest growing aviation market in India. The domestic market rose by 25 percent in the year ending March 31, 2016, compared to the records of last year. The airliner, headquartered in Gurugram, will add 14 new flights on the domestic routes. This includes daily non-stop flights connecting Bengaluru to Ahmedabad, Bengaluru to Jaipur, Kolkata to Hyderabad and Chennai to Kochi from May 1. Besides, the carrier starts new non-stop flights from Jaipur to Bengaluru, Kochi to Chennai from May 2, on daily basis. From May 6, the airliner will also maximize the flight frequencies from ...

Source: PTI Fliers might have to shell out more from next year with the government proposing 2% levy on all tickets to fund regional connectivity plans   Many highs and lows marked the 2015 trajectory of domestic aviation space with three airlines taking off, one coming back after a near-collapse, a no-frills carrier getting listed and India again securing top safety ranking even as the draft aviation policy remained in limbo. All said and done, fliers might have to shell out more from next year with the government proposing 2% levy on all tickets to fund regional connectivity plans even as the draft policy promises various tax sops for the sector. At the same time, Civil Aviation Ministry saw a change of ...

The Dollar Business Bureau The aviation ministry had already requested the DGFT and Reserve Bank of India to make changes in their rules   In a move to ease the process of importing aircraft, the government on Saturday authorised the Directorate General of Civil Aviation—the airline regulator—to grant in-principal approval for the import or acquisition of aircraft. As per the existing norms, scheduled operators including regional carriers have to seek such approval from the Ministry of Civil Aviation. “The delegation of power is being done in order to simplify procedures as compliance of various civil aviation requirements are regulated by the DGCA,” the Civil Aviation Ministry said in a statement. The ministry had already requested the Director General of Foreign Trade ...

Dated November 26th, 2015 | Copy of | Circular No.30 26/11/2015 | To, All Authorised Dealer Category-I Banks Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to clause 3(f) of A. P. (DIR Series) Circular No.77 dated June 29, 2007, in terms of which AD Category I banks could allow advance remittance, without bank guarantee or an unconditional, irrevocable standby letter of credit up to USD 50 million, in the case of import of aircrafts/helicopters/other aviation related purchases by scheduled air transport operators permitted by the Director General of Civil Aviation (DGCA), after ensuring that the requisite approval of the Ministry of Civil Aviation (MoCA)/ DGCA / other agencies in terms of the extant Foreign Trade Policy, had been obtained by ...

Deepak Kumar | The Dollar Business The government is considering key changes with respect to the existing norms for overseas flight operators and is likely to take measures to modify the provisions. The existing norm, popularly known as 5/20 rule, allows an airline to operate on overseas routes only with a condition that it must have five years of expertise in the domestic segment operating with a fleet of 20 aircraft. “The prime minister and the aviation ministry held a wide discussion and consultation for almost an hour on 5/20, and methodology has been found out to address this. Currently, 5/20 is being reviewed and will be readdressed with certain changes,” Mahesh Sharma, Minister of State for Civil Aviation, Culture and Tourism ...