New Delhi, Apr 1 (UNI) The Upper House Rajya Sabha on Tuesday passed The Protection of Interests in Aircraft Objects Bill, 2025, with the Government said the new Civil Aviation legislation will result in lowering of leasing cost of planes thus in the air fares.
The Bill, passed in the Rajya Sabha by voice vote, seeks to give legal effect to international agreements in their application in India.
Replying to the discussion on the Bill, Union Civil Aviation Minister K Rammohan Naidu said proper legislation will bring in more planes in India and the advantage of this will trickle down to passengers in the country.
Indian aviation players operate on leasing model as more than 80 percent of the planes are on lease and this legislation will also give incentives for the industry to set up leasing shops in the country and this will give huge cost advantage to domestic players.
This legislation will create a lot of security for both the lessors and the lessees and the overall aviation market also because there has been a lot of confusion in this area. It has been a grey area for some time, the Minister said, adding several players were asking for proper legislation.
This is a very important Bill which the industry needs today. It is going to change the aviation landscape of the country, Naidu said while speaking in the House.
The Minister also informed that the Government was looking at developing an international airport in Bihar near Patna and is working with the state government to develop it. Apart from this he informed that all metropolitan cities like Delhi, Mumbai, Bengaluru, Kolkata and Chennai need another terminal and the Centre is working with respective state governments to get land and other facilities for the development of additional terminal to meet the demand.
He also mentioned that several members have been demanding airport facilities in their areas and said that support has to come from their states in terms of land and once that is in place the Centre can look at the proposals.
