India to introduce New Civil Aviation Act 2012
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The Indian government plans to introduce a new law that will help ease investment flows into India’s ailing civil aviation sector, while also protect interests of passengers and ensuring safety.
The new Civil Aviation Act of 2012 will replace the Aircraft Act of 1934, which does not cover critical issues such as viability and security, and has been severely criticized in safety audits conducted by global aviation bodies.
The current rules and regulations primarily focuses on aircraft manufacturing and operations, however the new law will be more in sync with the current needs and attract investors to a market that is clocking growth of 20%.
“Changing the FDI norms in aviation will enable airlines to consider the Indian market. The major concern today is of regulating safety, efficiency and viability in all aspects of aviation, with provisions to include areas like protection and air navigation services,” a senior official said the Economic Times. The Ministry is keen to introduce laws that reflect international best practices giving a holistic growth opportunity to India’s civil aviation sector.