Once the proposed Civil Aviation Authority (CAA) is constituted, one of the first things it is to do is to recruit people at market rates for use in regulatory purposes. Director General of Civil Aviation Arun Mishra said the CAA should begin functioning towards the latter half of the year with initial support from the Finance Ministry and thereafter through fees collected from airlines operators that is currently deposited into the Consolidated Fund of India.
Tag: Arun Mishra
Post
Post
India allows lessors to repossess Kingfisher planes
Kingfisher's 15 planes have been deregistered by the Indian civil aviation regulator DGCA paving the way for global leasing companies to take them back and easing worries that the dispute might hurt purchases by other Indian carriers. The move comes a day after officials from German bank DVB, one of the largest global aviation financing banks, met DGCA chief Arun Mishra to press for deregistration of the two aircraft.