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INDUSTRY HEAVYWEIGHTS READYING OUTBOUND CHARTER PLANS (new policy to benefit TCI, Thomas Cook, Kuoni for now).

Asia Africa Intelligence Wire

| May 31, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The Ministry of Aviation, Government of India, is in the process of introducing various reforms.

It has revised the earlier conservative policy with regard to outbound charter operations by removing restrictions on frequency and size of aircraft. Outbound charters can plug the demand-supply gap and inbound-outbound imbalance, according to Ashwini Kakkar, CEO and MD of Thomas Cook. The new charter policy reduces the pressure on scheduled airlines, which mainly service the business traveller.

The Directorate General of Civil Aviation is currently reviewing the new policy for clarification. Once this is completed, Kakkar …

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