The Government has approved the formation of a new committee which will consider and make recommendations on permitting import or acquisition of aircraft by airlines.
Along with this, the procedure for consideration and approval of applications has also been streamlined significantly with timelines stipulated for various stages of processing.
The Additional Secretary and Financial Advisor in the Civil Aviation Ministry would be the chairman of the six-member aircraft acquisition committee, while other members would be the Director General of Civil Aviation, Chairman of Airports Authority of India, Commissioner of Bureau of Civil Aviation Security, former DGCA H. S. Kohla and Joint Secretary (Domestic Transport) as member convenor.
The committee, after examining the proposal, would make recommendations for operation of scheduled air transport services, regional scheduled air transport services and non-scheduled air transport services.
The committee would give ‘in-principle approval’ for import or acquisition of aircraft on the request of the applicant to enter into long-term contract of supply with other parties like manufacturer, lessor or financer and also to plan their operations in future.
Published on October 26, 2012
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