May 25, 2016 7:46 AM

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MoCA to move aviation policy for Cabinet nod in few weeks

The Ministry of Civil Aviation (MoCA) will move the much-delayed civil aviation policy before the Cabinet for its approval with in few weeks. Civil Aviation Secretary R N Choubey said in New Delhi yesterday that once the Cabinet approves it, details on proposals related to regional connectivity scheme would be discussed with the stakeholders, including state governments and airlines. <br/><br/>The policy that seeks to bolster the domestic aviation sector by tapping its high growth potential is still to be finalised despite extensive consultations after its draft was unveiled in October 2015. The draft policy has suggested tax incentives for airlines, maintenance and repair works of aircraft, increasing FDI limit for foreign airlines, setting up of no-frills airports and providing viability gap funding for carriers to bolster regional air connectivity.

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