Aircraft Owners and Operators Association of Pakistan Rejects Aviation Policy 2023 Changes

Aircraft Owners and Operators Association of Pakistan Rejects Aviation Policy 2023 Changes Image ©®: Dawn

Nadia Nawaz | December 6, 2023 | 06:00 PM IST | Pakistan News, Travel, World | Follow on Google News

Aircraft Owners and Operators Association of Pakistan Rejects Aviation Policy 2023 Changes

Aircraft Owners and Operators Association of Pakistan Rejects Aviation Policy 2023 Changes

The Aircraft Owners and Operators Association of Pakistan (AOOA) has strongly opposed the recent decision to double security deposits and other charges under the Aviation Policy 2023. The association expressed concerns that this move could have catastrophic consequences for the already struggling aviation industry in the country.

Aviation Policy 2023 Changes: Implications for Fresh Investments and Business Shifts

The AOOA emphasized the adverse impact of the sharp increase in security deposits, currently set at Rs10 million. According to the association, such a drastic rise would discourage fresh investments, leading many aviation companies to contemplate relocating their operations abroad to avoid the challenges imposed by the new policy restrictions. The general aviation businesses, already teetering on the brink of closure, find it burdensome that the Pakistan Civil Aviation Authority (PCAA) is pushing for a doubling of security deposits during economically challenging times.

Reject doubling of security deposit, age limit on aircraft import

The AOOA highlighted the troubling trend in the aviation industry since the introduction of aviation policies in 2015 and 2019. Seven out of 16 flying schools and numerous aviation companies have shut down, indicating a significant failure in the policies implemented during those years. The association warned that the new policy changes are likely to exacerbate the challenges faced by aviation businesses.

Unreasonable Age Restrictions and Lack of Stakeholder Involvement

The association criticized the age restriction introduced for importing aircraft in 2015, stating that it has contributed to the industry’s decline. The policy imposes restrictions not seen in Europe or North America, raising concerns about the feasibility and practicality of such measures. Additionally, the AOOA lamented the lack of stakeholder involvement in the policy formation process, emphasizing that industry players were not consulted. The association called for a more inclusive approach, highlighting the importance of considering input from parliament and aviation stakeholders.

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Nadia Nawaz

Nadia Nawaz – a new journo in digital journalism covers stories, reports/articles from Pakistan. Nadia writes on various topics, include Politics, Economy,Sports and finance. she further holds a high head in field of graphic designing. Nadia can be reached on nawaznadia20@gmail.com