The government has announced a draft set of reforms for the aviation sector that includes plans to list airport operator Airports Authority of India and helicopter service provider Pawan Hans, arguing that listing will not only improve efficiency but also instill transparency in operations.
Making the announcement, civil aviation minister Ashok Gajapathi Raju said views of the public will be sought on the draft before the government adopts the policy . “Listing improves transparency and efficiency ,“ the minister said. “AAI will be corporatised and the listing on stock exchanges would follow. Listing of Pawan Hans would also be undertaken with the same objective.Its listing straightaway might make sense. For AAI also, that is possible.“
Analysts have welcomed the move to list the two entities.
On the suggestion to privatise Air India, Raju said it will be decided in due course of time.
The draft also talks of privatising only Jaipur and Ahmedabad airports and awarding management contracts for Kolkata and Chennai airports. One of the key initiatives of the draft policy is to develop helicopter aviation. This is the first time that the country’s aviation policy has categorised helicopter aviation separately from general aviation.
The Business Aircraft Operators Association has termed this as a step in the right direction.
Making the announcement, civil aviation minister Ashok Gajapathi Raju said views of the public will be sought on the draft before the government adopts the policy . “Listing improves transparency and efficiency ,“ the minister said. “AAI will be corporatised and the listing on stock exchanges would follow. Listing of Pawan Hans would also be undertaken with the same objective.Its listing straightaway might make sense. For AAI also, that is possible.“
Analysts have welcomed the move to list the two entities.
On the suggestion to privatise Air India, Raju said it will be decided in due course of time.
The draft also talks of privatising only Jaipur and Ahmedabad airports and awarding management contracts for Kolkata and Chennai airports. One of the key initiatives of the draft policy is to develop helicopter aviation. This is the first time that the country’s aviation policy has categorised helicopter aviation separately from general aviation.
The Business Aircraft Operators Association has termed this as a step in the right direction.
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