Would it make much difference?
I feel that inadequate access to funding is only a secondary problem for the Indian aviation sector. If a business model is fundamentally flawed, then allowing greater access to funding should not make much of a difference. For Indian aviation to realize its vast potential, the cost structures need to be rationalized. Towards this end, the move to allow direct import of ATF would do more to help the sector than allowing FDI. Even better, the Union Government should push the states to levy a uniform 4% sales tax. Some states still levy a 33% sales tax on ATF!!!
Anybody knows whether the operators have started "direct" import of ATF? And to what extent? Any info on this would be greatly appreciated.