Nifty99000 100%

Sensex99000 100%

Article rating: 4.2
Article rating: 5.0
Article rating: 5.0
Article rating: 4.8
Article rating: No rating
Article rating: 5.0
Article rating: 3.7
Article rating: 2.0
Article rating: 3.6
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating


Open Skies Policy leading to growth in aviation, says Prabhu

Author: IANS/Tuesday, March 13, 2018/Categories: Aviation

Open Skies Policy leading to growth in aviation, says Prabhu

New Delhi, March 12 - Domestic passengers carriers -- mainly led by low-cost carriers (LCCs) -- have an order book of more than 1,000 aircraft as a result of increased air connectivity and cheap air fares, leading to more Indians from small towns to travel for work and vacations by air, new Civil Aviation Minister Suresh Prabhu said on March 12.

"Aviation is one of the fastest growing sectors of the Indian economy," the Minister of Commerce and Industry Prabhu said while assuming additional charge of the Ministry of Civil Aviation.

Speaking on the occasion, Prabhu said the "Open Skies Policy" was leading to tremendous growth in the aviation sector and the benefits of this growth would be seen in increased employment generation.

Open Skies is an international policy concept that calls for the liberalisation of the rules and regulations of the international aviation industry, especially commercial aviation, in order to create a free-market environment for the airline industry.

President Ram Nath Kovind on March 11 appointed Suresh Prabhu as Civil Aviation Minister, two days after P. Ashok Gajapathi Raju stepped down as the Telugu Desam Party quit the Modi government.

Print Rate this article:
No rating

Number of views (146)/Comments (0)

Kavita Giridhar Mallya


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free