How is the Indian government planning to address the issue of aircraft shortage through lease norms revision
The Indian government is making revisions to lease norms to help airlines combat the problem of aircraft shortage.
- The Indian government is planning to revise the existing aircraft lease norms to make it easier for airlines to lease planes.
- The revisions will allow airlines to lease aircraft for longer durations, up to 12 years, compared to the current limit of 6 years.
- This extended lease duration will help airlines to better plan their fleet requirements and address the issue of aircraft shortage.
- The government aims to attract more foreign lessors and investments in the Indian aviation sector by revising the lease norms.
- By enhancing the lease norms, the government hopes to promote growth in the aviation industry and improve air connectivity in India.
Answered
5 months ago