DGCA Tightens Grip on Wet-Leasing: A New Dawn in Indian Aviation
The Directorate General of Civil Aviation (DGCA) will soon unveil revamped regulations for wet-leasing of aircraft by Indian airlines to address rising travel demands. These updates are essential due to supply chain delays and engine problems affecting fleet operations, necessitating more robust regulatory oversight.
- Country:
- India
The Directorate General of Civil Aviation (DGCA) is set to introduce revised regulations for the wet-leasing of planes by Indian carriers, aiming to ensure stringent oversight amidst escalating travel demands. These changes come as airlines grapple with supply chain delays, prompting a shift toward leasing arrangements.
A senior official highlighted that persistent engine issues and the ever-expanding flight routes necessitate these regulatory adjustments, particularly as many IndiGo aircraft remain grounded due to Pratt & Whitney engine troubles. These developments underscore the industry's reliance on leasing solutions to meet immediate needs.
The DGCA's forthcoming regulations follow stakeholder consultations and will include easing certain restrictions on wet-leasing. The enhanced framework, outlined in a draft Civil Aviation Requirement (CAR), mandates that only countries with trustworthy safety oversight systems and ICAO compliance may provide wet-leased aircraft, ensuring robust safety measures.
(With inputs from agencies.)
ALSO READ
Tomato Grand Challenge Yields Innovative Solutions to Stabilize Tomato Supply Chain and Reduce Wastage
IIM Kozhikode & Emeritus Launch Advanced Supply Chain Programme
WNS Recognized as Leader in Supply Chain BPO Services by ISG
India and Japan's Strategic Economic Security Dialogue: Strengthening Supply Chains and Technology Collaboration
Tariffs Threaten L.A.'s Vegetable Supply Chain