Home / Economy / News / FM announces easing of restrictions on utilisation of Indian airspace

FM announces easing of restrictions on utilisation of Indian airspace

Announcing the fourth tranche of economic stimulus, she said only 60 per cent of Indian airspace is freely available

Aviation turbine fuel price had risen 60 per cent since mid-2016, adding to the airlines’ woes.

Premium

Finance Minister Nirmala Sitharaman said six more airports would be auctioned for private participation

1 min read Last Updated : May 21 2020 | 10:51 AM IST

Finance Minister Nirmala Sitharaman on Saturday announced easing of restrictions on utilisation of Indian airspace, benefiting the civil aviation sector by about Rs 1,000 crore per year.

Announcing the fourth tranche of economic stimulus, she said only 60 per cent of Indian airspace is freely available.

More air space available would reduce travel time and save on fuel, she said.

The finance minister said six more airports will be auctioned for private participation.

Also, an additional investment of Rs 13,000 crore will be made by private players in 12 airports auctioned in first and second rounds.

She also said tax

Topics : Nirmal Sitharaman Civil Aviation Finance minister Airspace

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in