+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

India may soon do away with VT registration of flights

Oct 16, 2016, 17:16 IST

Advertisement
Passengers might soon be flying on foreign-registered aircraft operated by Indian firms with the government planning to do away with certain decades-old requirements to further improve the ease of doing business, as per a news report by agency.

The proposal, once implemented, would bring cheer to aircraft lessors by reducing the compliance requirements as well as make the process easier in case they want to re-take the leased planes.

Against the backdrop of the government making efforts to boost regional air connectivity, doing away with India-registration norm would provide more leeway for local operators planning to expand their fleet, sources said.

"We have started discussions and we are exploring the possibility of allowing foreign aircraft without Indian registration to operate in India," a senior Civil Aviation Ministry official told PTI.

Sources also said that such a move would help in further improving the ease of doing business for the operators and the lessors, among others.
Advertisement


Presently, Indian operators planning to fly foreign aircraft in the country have to first gthem registered with the Directorate General of Civil Aviation (DGCA) and have the national mark 'VT' or 'Viceroy Territory' on the plane.

DGCA is responsible for registration of all civil aircraft in the country. The aircraft is required to bear its nationality and registration markings, among others, as per existing regulations.

Last month, Civil Aviation Secretary R N Choubey said the Ministry would amend rules to "make sure lessors can take back aircraft in case of default in line with Cape Town Convention. It provides the protocol to be followed with regard to leasing of aircraft equipment, including the aircraft.

Lessors have faced problems in re-taking aircraft leased to Indian carriers in the past, especially with regard to shuttered Kingfisher Airlines. Recently, regional carrier Air Pegasus' three planes were de-registered by DGCA.

On October 13, the Ministry held discussions with various stakeholders, including lessors, on ways to boost regional air connectivity.
Advertisement

With domestic passenger traffic growth remaining at more than 20 per cent in the past many months, India is also one of the fastest growing aviation markets in the world and various initiatives are being taken to capitalise on this growth.

As per global rules set by UN body International Civil Aviation Organisation, each aircraft has to be registered in a country where it is allotted a registration number which has two letters as the country code, followed by three letters of owners or the carriers choice, like VT-123 in case of an Indian aircraft.
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article