Mumbai: The government was preparing a plan to make the country's aviation industry better able to deal with global competition by 2020 that would replace the current policy, the aviation minister said on Sunday.
The Vision 2020 statement would be sent to senior government ministers and should be ready in a couple of months, Praful Patel said at Jet Airways Ltd's presentation of its new Boeing 777-300 ER and Airbus 330-200 planes.
"We are coming out with a Vision 2020 statement for aviation, which we will spell out in a couple of months, and a lot of issues, and issues not resolved, will be cleared," Patel said, adding it would help Indian carriers meet competition from foreign airlines.
"It is not going to be a standard mechanical formula ... of course, there will be certain guidelines and we will be doing all these things in a few months."
Patel also said he would talk to the oil minister and state-run oil companies about high jet fuel prices.
"We want some kind of a rationalisation (of prices). If there is no support, we will look into various ways including looking at allowing imports to carriers or allowing us to hedge," he said.
Indian carriers are allowed to hedge fuel for international flights but not for domestic operations.
Comments
0 comment