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UDAN: Govt may revise subsidised seat quota

The government is likely to revise the minimum number of seats on which it will give subsidy to airline operators for serving tier-II and tier-III cities under its regional connectivity scheme. The revised norms will be applicable for the second phase likely to commence within the next three months.


PTI
NEW DELHI

The scheme, also known as UDAN seeks to connect unserved/underserved airports and provides for capping of fares at Rs 2,500 per hour. Currently, airlines are required to offer 50 per cent of total seats on an aircraft at discounted fares. The number of discounted seats should be at least nine and not exceed 40.
In return, the government provides subsidy to the airline for the number of seats offered under the scheme. “We are exploring ways to introduce flexibility and will be releasing simplified modalities shortly,” said the official.
The move follows feedback from airline operators who expressed willingness to induct aircraft with four to six or more seats and requested that subsidy be provided for these flights as well. 

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Saltwater Assocs sets up investment analytics centre

To integrate all back-end processes in Goa while maintaining their front-end services in Mumbai, Saltwater Associates set up ‘Global Investment Analytics Centre’ at the hands of GCCI president Nana Bandekar in Margao on Monday, May 1.

The Goan Network
Published May 3, 2017, 6:32 PM IST
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the goan I networkMARGAO Addressing media persons, CEO and co-founder of Saltwater Global Associates, Gautam Verlekar, said all back-end services will be integrated into this Analytics Centre in Margao. “Saltwater is an investing banking firm which performs its role in between the traditional banking and the traditional way of business where we make way for capital,” Verlekar said. Its key products include strategy, consulting and growth. He said the choice of Goa…

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