The draft policy was unveiled in October last year and after extensive consultations with various stakeholders, some issues are still being sorted out.

Civil Aviation Secretary R N Choubey today said the ministry plans to finalise the Cabinet note for the policy by the end of this month after sorting out certain issues.

The policy was expected to be finalised in the current financial year as certain proposals were to be implemented from April 1, 2016.

Speaking on the sidelines of the India Aviation-2016 event here, he said as many as 15 variations are being looked at with respect to the 5/20 rule.

Under the norm, only those airlines having at least five years of domestic flying experience and a minimum of 20 aircraft are allowed to fly overseas.

A tussle has ensued between established carriers and startup airlines over the 5/20 norm with the latter seeking scrapping of it.

While startup carriers Vistara and AirAsia India, where Tatas is a stakeholder, are demanding that the rule be done away with, the grouping of four private Indian carriers comprising IndiGo, SpiceJet, Jet Airways and GoAir wants the rule to continue.

Another significant proposal is for having 50 percent Foreign Direct Investment (FDI) in domestic carriers in case the open skies policy is implemented.

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