Bangalore, July 17:
The Civil Aviation Minister, Mr Ajit Singh, said the problems faced by
the aviation industry are temporary.
“There is a bright light at the end of the tunnel and in six to 12
months, the industry may come out of financial stress,” he said at a press
conference on Tuesday.
Mr Singh said that maintenance, repair and overhaul facilities need to
be developed locally and the DGCA (Director-General of Civil Aviation) needs to
be given greater autonomy to hire. “The DGCA will have to be revamped,” he
said. A civil aviation authority will be established under an Act of Parliament
for this purpose, he said.
Commenting on the growth prospects of the airline industry, Mr Singh
said, “Overall, the losses faced by the airline companies were over Rs 10,000
crore last year, but this is a vital sector for growth. It is a part of the
infrastructure.”
He said that it was difficult to persuade companies to ply in tier II
and tier III cities because metros are more profitable.
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