Wednesday, 8 February 2017

No limit fixed for viability gap funding to airlines

Ripples Advisory Private Limited, Indore @9303093093

The Indian Government has said that the limit has not been fixed for viability gap funding to airlines under the regional connectivity scheme. Commenting on the issue, Minister of State for Civil Aviation Jayant Sinha told the Rajya Sabha that an airline operator is expected to start services under the scheme within six months after award of the routes. The ambitious scheme which seeks to connect unserved and under-served airports provides for Viability Gap Funding (VGF) to the participating airlines. It is to be funded by the Centre as well as the state government concerned.

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