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Travel News - MoCA asks airlines to rejig UDAN flights to cut viability gap funding by 40%

MoCA asks airlines to rejig UDAN flights to cut viability gap funding by 40%
The Ministry of Civil Aviation (MoCA) has asked all airlines to either reduce the frequency of flights or the number of seats per flight such that their overall Viability Gap Funding (VGF) requirement on routes over 500 km, awarded under the UDAN scheme, is lowered by 40 per cent, reports Forum Gandhi for The Hindu Business Line.
According to industry sources, the Ministry has sent an email to all airlines operating Regional Connectivity Scheme (RCS) routes awarded under UDAN 1, 2, 3, 3.1 and 4, since its inception in 2017.
RCS, or more popularly known as UDAN (Ude Desh ka Aam Naagrik) scheme, is a government initiative to connect the country s under- and un-served airports. The government provides VGF for a set time period to airlines operating on these routes. ....

Operatiors Saos , Satyendra Pandey , Forum Gandhi , Ministry Of Civil Aviation Mo , Civil Aviation , Viability Gap Funding , Hindu Business , Regional Connectivity Scheme , Ude Desh , Aam Naagrik , Scheduled Aircraft Operatiors , Managing Partner , Source The Hindu Business Line , Travelbiz Monitor , Indian Tourism News , Tourist Destination News , Travel Events , Travel And Tourism News , Aviation News , Un Served Airports , Regional Airlines , Taxpayer Money , சத்யேந்திரா பாண்டே , மன்றம் காந்தி , அமைச்சகம் ஆஃப் சிவில் விமான போக்குவரத்து மோ , சிவில் விமான போக்குவரத்து ,

Airlines told to rejig UDAN flights to cut viability gap funding by 40%

Airlines told to rejig UDAN flights to cut viability gap funding by 40%
February 08, 2021
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The Ministry of Civil Aviation has asked all airlines to either reduce the frequency of flights or the number of seats per flight such that their overall Viability Gap Funding (VGF) requirement on routes over 500 km, awarded under the UDAN scheme, is lowered by 40 per cent.
According to industry sources, the Ministry has sent an email to all airlines operating Regional Connectivity Scheme (RCS) routes awarded under UDAN 1, 2, 3, 3.1 and 4, since its inception in 2017.
RCS, or more popularly known as UDAN (Ude Desh ka Aam Naagrik), is a government initiative to connect the country s under- and un-served airports. The government provides Viability Gap Funding for a set time period to airlines operating on these routes. ....

Operatiors Saos , Satyendra Pandey , Ministry Of Civil Aviation , A Civil Aviation Ministry , Civil Aviation , Viability Gap Funding , Regional Connectivity Scheme , Ude Desh , Aam Naagrik , Civil Aviation Ministry , Scheduled Aircraft Operatiors , Managing Partner , Udan Flights , Udan Flights Update , Sudan Airlines , Airlines On Udan , சத்யேந்திரா பாண்டே , அமைச்சகம் ஆஃப் சிவில் விமான போக்குவரத்து , சிவில் விமான போக்குவரத்து , நம்பகத்தன்மை இடைவெளி நிதி , பிராந்திய இணைப்பு திட்டம் , ஊடே தேஷ் , ஆம் னாக்ரிக் , சிவில் விமான போக்குவரத்து அமைச்சகம் , நிர்வகித்தல் கூட்டாளர் , உதான் விமானங்கள் ,