Cabinet bids adieu to 5/20 aviation rule with new aviation policy; airfares to go cheaper
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The Union Cabinet has cleared a new
As of now, the details of these changes are awaited but as per sources, the 5/20 rule, which allows an to fly internationally only when it has served in India for 5 years and has 20 aircrafts in its fleet, has been done away with. Not only this, the new policy would also provide subsidize fares for regional routes.
ET sources said that the
The new policy aims to support the domestic aviation sector and tap its high growth potential by providing encouraging options like capping airfares at Rs 2,500 for a one-hour flight, auctioning of unilateral traffic rights, tax incentives for airlines, maintenance and repair works of aircraft besides mooting 2% levy on all air tickets so that regional connectivity scheme can be funded.
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