India set to ease airspace curbs to cut cost of flying

  • Date: 17-May-2020
  • Source: Khaleej Times
  • Sector:Transport
  • Country:UAE
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India set to ease airspace curbs to cut cost of flying

Restrictions on the utilisation of Indian air space will be eased so that civilian flying becomes more efficient, said FM Nrimala Sitharaman.. India�will ease restrictions on Indian airspace utilisation to reduce cost of flying, Finance Minister Nrimala Sitharaman said on Saturday.. Outlining the fourth tranche India's Rs20 trillion fiscal stimulus announced by Prime Minister Narendra Modi, the minister said at a media briefing that to ensure optimum utilisation of airspace, the government will ease restrictions on the utilisation of Indian airspace.. "As of today only 50 per cent of India's airspace is free for use.. The move will benefit the aviation sector to the tune of Rs10 billion per year," she said.. In addition to benefiting the aviation sector, efficient management of airspace is likely to reduce the cost of flying for passengers.. Sitharaman said India would become a global hub for Aircraft Maintenance, Repair and Overhaul (MRO).. Aircraft component repairs and airframe maintenance will increase from Rs8 billion to Rs20 billion in three years.. Airports Authority of India has awarded three airports out of six bid for operation and maintenance on public-private partnership (PPP) basis.. Additional investment by private players in 12 airports in first and second rounds are