India is set to get 8 new Flying Training Academies under the liberalised Flying Training Organization (FTO) policy of the Airports Authority of India (AAI).
- This initiative will help the Indian flying training sector in becoming more self-sustaining under the Atmannirbhar Bharat initiative.
- The authority will set up these academies will be set up at Belagavi, Jalgaon, Kalaburagi, Khajuraho, and Lilabari.
- The setting up of these 8 FTOs is aimed at making India a global flying training hub and preventing the Indian cadets from leaving the country to get training at foreign FTOs.
- In addition, these FTOs will also be designed to cater to the flying training requirements of cadets in India’s neighboring countries.
- To make FTOs attractive for bidders, AAI has reduced the minimum annual rental significantly to Rs.15 lacs.
- Furthermore, the concept of airport royalty was scrapped to make these ventures business-friendly.
About Airports Authority of India (AAI):
- The Airports Authority of India or AAI is a statutory body (created through the Airports Authority of India Act, 1994) working under the jurisdiction of the Directorate General of Civil Aviation, Ministry of Civil Aviation, Government of India (GoI).
- AAI was constituted by an Airports Authority of India Act, 1994 of the Parliament.
- It came into being on 1st April 1995 by merging erstwhile National Airports Authority and International Airports Authority of India.
- It is responsible for creating, upgrading, maintaining, and managing civil aviation infrastructure in India.