The government is expected to come out with a new civil aviation policy in the next five months, aimed at boosting investment and infrastructure for the fast-growth sector in the next 10 years, a senior official said today.
Also, the civil aviation ministry is working on a new economic regulatory mechanism for pricing of air tickets as the industry passes through a turbulent phase despite passenger traffic growth.
"We have started fresh work on the new Civil Aviation policy to meet the challenges of the new decade. It will look into issues of sustainability, viability and human resource of the sector," civil aviation secretary S Nasim Zaidi said while inaugurating a conference a seminar, "Air Cargo as Engine of Economic Growth", organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in Delhi.
The new policy would help attract private sector investments. It would also emphasise on setting up an air cargo promotion board, Zaidi said. He added "we have about five months to complete the process".
He also said that the ministry was working on an economic regulatory mechanism for pricing of air tickets as the airlines had blamed losses to the pricing of air ticket below their cost price.
"It (pricing of air ticket) is the thrust area. We are also working on an economic mechanism that will look into the issues of legality and others and come up with a report within five months," he said. He added however, that it would not regulate the airfares or fix the tariff.