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Government scraps control over plane purchases by local carriers
March 21, 2013 / 10:53 AM / 5 years ago

Government scraps control over plane purchases by local carriers

A passenger aircraft is silhouetted against the rising sun after taking off from New Delhi's Indira Gandhi International Airport April 3, 2012. REUTERS/B Mathur/Files

NEW DELHI (Reuters) - India has scrapped government control over the acquisition of planes by local carriers, a government statement said, removing a major bureaucratic hurdle for the country’s airlines in their expansion.

Indian airlines will need 1,043 new passenger and freighter aircraft valued at $145 billion by 2030 to satisfy rising demand, Airbus EAD.PA said last year.

Local carriers will now require just an initial no-objection certificate to start operations and will be at liberty to induct planes without seeking approval from the ministry of civil aviation, the government statement said.

Reporting by Anurag Kotoky; Editing by Anupama Dwivedi

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