Maharashtra first to sign up for regional connectivity scheme - News Summed Up

Maharashtra first to sign up for regional connectivity scheme


An airline signing up for it will connect small towns in flights of about 1 hour with ticket charges capped at Rs 2,500. As the fares are low and wouldn't cover costs, there will be viability gap funding, 20% of which will be borne by the governments of states which are part of the scheme. DGCA data for July showed airlines clocked their worst on-time performances - most were delayed -- in Mumbai out of the six major metro airports in the country. Aurangabad handled a handful of flights.India plans a total of 160 airports and airstrips in the country, finance minister Arun Jaitley had said in the government's latest budget. Of that, 10-15 airports will be developed in the next one year and 50 in three years, Raju said.


Source: Economic Times August 23, 2016 13:28 UTC



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