Daily Current Affairs 2021 India gets 8 new Flying Training Academies under Flying Training Organization Policy of AAI | Daily Current Affairs 2021

India gets 8 new Flying Training Academies under Flying Training Organization Policy of AAI

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Flying Training Academies

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).

Key Points:

  • 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.

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