Under the 5/20 regulation, only those local airlines having five years operational experience and a minimum of 20 aircraft can fly overseas.

While the proposed civil aviation policy has suggested three options on 5/20, including retaining it or scrapping it, the airlines industry is sharply divided over the issue.

His remarks also come at a time when his Ministry is in advanced stages of finalising the new civil aviation policy.

Raju said he had an interaction with airlines to understand their concerns about 5/20 norm.

When asked whether it has been only due to fall in fuel prices, he said oil prices have been a contributing factor and many of the carriers' books are okay.

Latest News  from Business News Desk