ROHIT KAPUR, PRESIDENT – ASIA, JETHQ AND FORMER PRESIDENT OF BAOA
“The present rate of 28 per cent is unsustainable and needs to be brought down to 5 per cent at par with NSOP”
Issue: BizAvIndia 2/2020
Photo(s): By Rohit Kapur / Twitter
- Rationalisation of GST on import of private aircraft and helicopters. This is a long pending demand. The present rate of 28 per cent is unsustainable and needs to be brought down to 5 per cent at par with NSOP. Also reduce GST on charters to 5 per cent, from the present 18 per cent immediately.
- Airports: Waiving off all parking charges and royalties at all airports till December 31, 2020. Also, since airports are functioning at reduced capacity presently, the curfew timings at all airports, especially Mumbai, for BA aircraft should be removed.
- Cash Flows: All Bank Guarantees given to government agencies by Charter Operators should be released immediately to improve cash flow situations in companies.
- Training: A rationalising of training requirements for all skilled personnel of the industry. This would include pilots, AMEs, GH staff, etc. While safety is of paramount concern, a more efficient way can be devised that will require minimum travel requirements for people, especially to international destinations. Online training for theory, with practical OJT within the country to be encouraged.
- Finance and Taxation: Needless to say that all other intervention that the government plans for MSMEs should also be implemented for the Charter industry, as all of them fall in this category. This should include tax holiday, moratorium on EMIs, soft terms for business loans, tax refunds, easier financing, and leasing terms, etc.
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