New Flying Training Academies to be setup in India
- India is set to get 8 new Flying Training Academies under the liberalized Flying Training Organisation (FTO) policy of the Airports Authority of India (AAI).
- The set-up of these 8 FTOs is aimed at making India a global flying training hub and to prevent the exodus of Indian cadets to foreign FTOs.
- These academies will be set up at Belagavi, Jalgaon, Kalaburagi, Khajuraho and Lilabari.
- Additionally, these FTOs will also be designed to cater the flying training requirements of cadets in India’s neighbouring countries.
- To make FTOs attractive for bidders, AAI reduced the minimum annual rental significantly to Rs.15 lacs.
- Furthermore, the concept of airport royalty was scrapped to make these ventures business-friendly.