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India Looks To Reform Aviation Sector

by Mary Swire, Tax-News.com, Hong Kong

16 December 2011


India's Aviation Secretary, Nasim Zaidi, has announced that the government is formulating a ten-year plan for the country's aviation sector to improve the viability of carriers' operations and attract more private investment.

The plan will in particular look at companies' fare-pricing arrangements to ensure that ticket prices reflect airlines' costs as private sector companies, such as Kingfisher, and the government-supported national carrier Air India struggle to balance their books as a result of high fuel and tax costs, and strong competition.

While the plans are to be outlined in five months' time, the ministry responsible for aviation has said that it would not seek to impose mandatory minimum ticket prices but instead said the reform would target the legality of carriers' decisions to cut fares.

Also, the government has said the plan would include measures to reform the management of cargo airports to speed up the transit of goods through and from India.

TAGS: aviation

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