As the New Civil Aviation Policy (NCAP) nears completion, the Federation of Indian Airlines (FIA) has gone into an overdrive aand met commerce minister Nirmala Sitharaman today and raised concerns over a few proposal in the policy. <\/p>\n
The meeting with commerce minister comes a day after they met Minister of State for PMO Jitendra Singh. <\/p>\n
The FIA has raised concerns over a proposal in the policy allowing foreign carriers to own more than 51% in the Indian carriers. Currently, foreign carriers are allowed to own only 49% in their Indian peers. <\/p>\n
They also complained that the current Indian FDI rules do not regulate the substantial ownership clause in a manner it should. <\/p>\n
According to FDI rules, substantial ownership clause mandates that key decisions in the airline should be taken by the Indian promoter in any carrier. FIA alleges that a lot of decision in Vistara and AirAsia India are taken by their foreign partners Singapore International Airlines and AirAsia, respectively. <\/p>\n
Arun Bhatia, a stakeholder in AirAsia India, had told ET that all key decisions about AirAsia India are taken by its foreign parent Malaysia’s AirAsia Berhad. <\/p>\n
The FIA also complained raised their opposition on the removal of 5 year and 20 aircraft international flying norms and plans to auction bilateral rights. <\/p>\n","protected":false},"excerpt":{"rendered":"
As the New Civil Aviation Policy (NCAP) nears completion, the Federation of Indian Airlines (FIA) has gone into an overdrive aand met commerce minister Nirmala Sitharaman today and raised concerns over a few proposal in the policy. The meeting with commerce minister comes a day after they met Minister of State for PMO Jitendra Singh. The FIA has raised concerns over a proposal in the policy allowing foreign carriers to own more than 51% in the Indian carriers. Currently, foreign carriers are allowed to own only 49% in their Indian peers. They also complained that the current Indian FDI rules […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-54933","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/54933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=54933"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/54933\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=54933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=54933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=54933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}