The state of Indian aviation in the present times is
churning many heads, and even the institutions. The government seems to have
taken a very serious view of the airline debts and other problems and is
working on bringing reforms to the existing system which would ensure that the
problems associated with the airlines in particular and the aviation sector are
addressed well in time, before these become too unmanageable. The moves are
centered on the airlines and the regulators and these are likely to make the
customer happier since, besides the cheap flights, the customer can expect the airlines to show a more responsible
behavior.
Indian aviation minister has recently announced two such
measures which are being considered. One relates to the airlines submitting
their business plan before purchasing the aircraft from abroad and the other
relates to the creation of a separate body for exclusively monitoring the
financial health of the domestic airlines. Both of these measures are being
considered deeply for ensuring that the kind of debt burden airlines today have
does not happen in future.
The prior submission of business plan is being mooted to
ensure that the airlines do adhere to this plan after the purchases are done.
If the plan seems too unreasonable, then the airlines might be asked to provide
the clarifications or justifications. Similarly, the institution of DGCA might
be left only with the technical and safety aspects to focus on. For monitoring
the financial health of the airlines on an on-going basis, setting up of a
separate body is being planned which will keep a tab on financial aspects of
airlines.
Further reforms are also on the anvil and it is the customer
who will ultimately benefit from these reforms
and will continue to get the cheap air tickets.
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