In a move to enhance the investments in aviation sector, the government has announced a draft set of reforms for the aviation sector. The new unveiled draft civil aviation policy proposes to enhance regional air connectivity, develop six major metro airports as international hubs, create more airports through PPP mode, rationalise jet fuel cost, promote air cargo, MRO and helicopter operations and improve passenger facilitation.
The new draft unveiled by Aviation Ministry also recommends listing of state-run Airports Authority of India (AAI) and helicopter service provider Pawan Hans Helicopters (PHHL) on stock exchanges and steps to strengthen Air India operations, indicating its stake sale too. Civil Aviation Minister Ashok Gajapathi Raju asserted that the government wants to work in a transparent manner and listing of AAI and PHHL to improve efficiency and transparency of both the companies. Industry also welcomed the move, stating that it will not just unlock the potential of these two companies but also make them much more professional by providing more autonomy and professional management.
Further, Ashok Gajapathi Raju added that the draft note would now be open for wider consultation with all stakeholders and hoped to finalise and implement it by January next year.
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