India’s Nascent Bizav Industry Awaits New Government Regulation
Aviation International News » May 2012 by Neelam Mathews May 5, 2012, 5:50 AM After years of frustration, India’s business aviation community is hoping that a new report due to be published in April will trigger a sea change in government policy toward the industry. A team of representatives from the International Civil Aviation Organization (ICAO) and India’s Ministry of Civil Aviation is preparing for business and general aviation in India a blueprint that is expected to form the foundation for a more transparent and consistent approach to both regulating and stimulating the industry. The country remains one of the world’s biggest prospective markets for this mode of air transport, with projections of new aircraft sales worth around $12 billion there between now and 2020. The new report should outline a future strategy for the sector taking into account its current inf...