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As many as five companies have applied for licences to launch new airlines in the country, Civil Aviation Secretary Ajay Prasad said on Wednesday.

While decision to grant them operating licenses have not yet been taken, new guidelines would be in place in the proposed Civil Aviation Policy, he told reporters on the sidelines of the Indo-US Economic Summit in New Delhi.

Under the existing guidelines, a new airline has to have a fleet of five aircraft and an equity capital of at least Rs 30 crore, among other things, to get a scheduled operator license allowing them to operate in the domestic sector with a published timetable.

source: Hindustan Times

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