AAI, Pawan Hans to be listed, says aviation minister
The government may offload stakes in Airports Authority of India (AAI), which manages airports across the country, and Pawan Hans Helicopters by listing them on the stock exchanges.Updated: Nov 11, 2014 01:04 IST
The government may offload stakes in Airports Authority of India (AAI), which manages airports across the country, and Pawan Hans Helicopters by listing them on the stock exchanges.
Unveiling the draft civil aviation policy, civil aviation minister Ashok Gajapathi Raju said: “Pawan Hans and AAI can go straight off (for listing) to improve efficiency and transparency.”
About Air India, the draft policy says: “It is essential to ensure that AI achieves its full potential. An expert committee will be constituted to develop a future roadmap (for the airline).” The aviation policy is expected to be finalised by January.
“I will be the happiest person if AI can be listed. While some say privatisation is a solution, others say it should remain in the public sector. Another section says the airline should be managed professionally by professional bodies. Why should we close our options? Let us take a conscious decision,” said Raju.
The policy proposes to enhance regional air connectivity, develop six major metro airports as global hubs, create more airports through public-private partnerships, rationalise jet fuel costs, promote air cargo operations and improve passenger facilities.
Raju said the 5/20 rule, which requires an Indian airline to have completed five years of domestic operations and have a fleet of 20 aircraft fleet before being permitted to fly abroad, would go.
First Published: Nov 11, 2014 01:00 IST