As India Set To Turn World’s 2nd-biggest Aviation Market, Centre Struggles With This ‘foreign’ Concept

The Ministry of Civil Aviation (MoCA) is toying with the idea of adopting a globally prevalent ‘different owners and operators’ and ‘fractional ownership’ concept of aircraft operations in India. Despite being not illegal, the concept has not been able to take-off due to several issues, including taxation complexities.

Industry experts claim that the issue is of utmost importance, as India is all set to become the world’s second-biggest aviation market by 2038 with over 1 billion passengers expected to fly per year.

As per the concept paper being studied globally, the largest aircraft operators in general & business aviation follow the models of aircraft management and fractional ownership services. “These two are the most popular and high-growth models. Read More

You may also read!

We support India’s right to self-defense, says US NSA John Bolton to Ajit Doval

US National Security Adviser John Bolton told his Indian counterpart Ajit Doval on Friday that America supports India’s right


After Pulwama attack: Military puts all cards on the table

Even as India decides on military options for punitive action against supporters of the terror attack in Pulwama, Pakistan


AirAsia India offers 20% discount on fares across flights

Low-cost carrier AirAsia India on Friday announced an up to 20 percent discount on its ticket prices for travel


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu