Four airlines ask NOC to start regular operations
NEW DELHI : Up to four airlines, including air cargo companies, have applied for Certificates of No Objection (NOC) from the Ministry of Civil Aviation (MoCA) to launch scheduled air passenger services and air cargo services. Air cargo Minister of State (Civil Aviation) VK Singh told Rajya Sabha on Wednesday.
It is SNV Aviation Pvt. Ltd (Akasa Air holding company promoted by Rakesh Jhunjhunwala), Turbo Megha Airways Pvt. Ltd (a regional airline), Jet Freight Logistics Ltd and SpiceXpress & Logistics Pvt. Ltd, which is the cargo arm of SpiceJet that the airline wants to turn into a separate company.
“Potential operators are free to assess aviation demand and participate in their specific business plan. (The) Ministry of Civil Aviation (MoCA) as a nodal ministry, facilitates an ecosystem to promote the sector aviation, ”Singh added.
Among the lot, billionaire Rakesh Jhunjhunwala is looking to carve out a niche for his future airline, Akasa, a super low cost carrier (ULCC) model in a highly competitive domestic airline market with a model that has performed well in Europe and the United States.
The airline will also see the return of former IndiGo chairman Aditya Ghosh to aviation, who, along with Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube, would be Akasa co-founders.
SpiceJet Ltd, which last month reported a consolidated loss of ??257 crore in the quarter ending March 31, 2021, then announced the divestment of its growing freight operations into a separate entity. According to analysts, this will allow the airline to access new capital by turning its profitable business into a separate entity.
“In accordance with Civil Aviation Requirements (CARs), interested airline operators are asking MoCA to obtain an NOC to operate scheduled passenger air transport services. Recently, (the) ministry has waived the issuance of ‘an NOC for candidates of non-business operators,’ Singh said Wednesday.
“However, for regular operations, airlines must obtain a notice of compliance from MoCA in accordance with the rules / regulations in force in this regard,” he added.
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