
India seeks equal access to slots at European airports
Live Events
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
India is pushing aviation watchdog International Civil Aviation Organization (ICAO) to frame regulations for providing equitable access to slots at key airports in Europe. These airports have framed slot allocation practices that are discriminatory and disadvantage airlines from developing countries, according to a working paper presented by India to ICAO.Airport slot is a permission granted to an airline by an airport operator for an aircraft takeoff and landing within a set timeframe.India's working paper, which will be debated at ICAO's triennial assembly at Montreal in September, the current system of grandfather rights, which allows an incumbent airline to keep a slot in perpetuity, while enforcing additional measures like night curfew, restricts market access and denying equal opportunity for airlines from developing countries like India to expand into large European markets."The assembly's action on these matters is essential for preserving the integrity of the international civil aviation system and ensuring that all states can realise the benefits of their participation in international air services," read the working paper, reviewed by ET. At congested airports like London Heathrow, Amsterdam, and Paris, slots are allocated one each for the summer and winter schedule, per guidelines set by International Air Transport Association, which would allow airlines to hold a slot if they use it 80% of time each season."This often means that carriers from large source markets like India are unable to deploy new capacity at commercially viable timings, while countries operating such hubs continue to seek increased access to the Indian market without offering reciprocal benefits," the working paper states. The Indian government decision to raise the issue at an international level comes as homegrown carriers like IndiGo and Air India chart aggressive overseas expansion plans.IndiGo flights to Amsterdam are facing uncertainty as its request for slots for winter is yet to be approved, since Dutch government is preparing to impose a cap on flight movements to curb noise pollution."While developing economies such as India are investing heavily in expansion of airport infrastructure, creating opportunities for all carriers, developed economies, like Amsterdam, are actively reducing existing capacity creating an unequal playing field that inherently favours legacy carriers from developed nations," India noted in the working paper. This, the government said, prevents Indian carriers from fully utilising international flying rights which are allocated on a bilateral reciprocal basis by governments to respective airlines."As a case, despite comprehensive bilateral agreement between India and the UK Indian carriers' access has been reduced to secondary airports in London like Gatwick and Stansted Airports while UK carriers maintain access to Heathrow," the paper said.At London Heathrow, while a new agreement in 2023, allowed airlines from both countries to increase flights from 56 to 70 per week, Air India operates 31 weekly flights to the airport and is forced to operate new flights only from the Gatwick airport. IndiGo is likely to lease a slot from a UK airline at premium price.Airports Coordination, agency tasked with allocating slots at Heathrow, told ET since the airport has reached its full capacity, airlines will have to wait for other airlines to lose their historic rights or to purchase and lease slots. "Access to slots is independent of bilateral entitlements," a spokesperson said.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India.com
18 minutes ago
- India.com
Noel Tata's mega plan, this company eyes Rs 70000000000 value of…, from ‘Aashiyana' in…
Tata Steel plans to double the gross merchandise value (GMV) of its homebuilding e-commerce platform 'Aashiyana' to about Rs 7,000 crore in FY 2025-26, a senior company official said. For the first time, the steel giant is also exploring the addition of non-Tata Steel products to broaden its range of offerings, the official added. 'All of the GMV on 'Aashiyana' currently comes from Tata Steel products, but we do plan to expand our offerings in the near future,' Tata Steel VP (Long Products) Ashish Anupam told PTI. Tata Steel Eyes Rs 7000 Crore GMV The platform recorded a GMV of Rs 3,550 crore in 2024-25, registering a 60 per cent year-on-year growth, and with the rollout of 'Aashiyana 3.0' – the newly launched version of the platform Tata Steel expects to double the GMV over the next one year, he said. Initially launched as a transactional e-commerce site, 'Aashiyana' has now evolved into a full-fledged content-to-commerce ecosystem designed specifically for individual home builders (IHBs) – a largely unorganised but significant segment of India's construction market, officials said. 'With 'Aashiyana', we are not just digitising the buying process, we are empowering individual homebuilders to make confident, informed decisions from blueprint to brick,' Anupam said. What Aashiyana Offers? The steel company said its upgraded platform offers over 300 curated home design plans, budget calculators, planning tools and AI-powered product recommendations. It also provides access to stage-by-stage construction guides, educational content across 31 topics, and omnichannel support through WhatsApp and chatbots. The platform has crossed 1.1 lakh registered users and seen strong uptake from the Indian diaspora. Orders have been placed from customers across 24 countries, led by the US, UAE and the Netherlands, the officials said. 'There's a growing interest among NRIs to build homes back in India for their families. 'Aashiyana' allows them to remotely plan and procure materials with greater confidence for their requirement back home,' he said. By offering tools such as material estimators, document vaults and visual inspiration boards, Tata Steel is aiming to position 'Aashiyana' not just as a commerce platform but as a homebuilding advisor, Anupam said. (With Inputs From PTI)


Mint
18 minutes ago
- Mint
Stocks to buy for short term: From Titan to HCL Tech— Jigar Patel of Anand Rathi recommends 3 shares
Stocks to buy for the short term: Since July, the Indian stock market has been under pressure due to persistent worries over Trump's tariffs, heavy foreign capital outflow, and lacklustre Q1 earnings. Last week, the Nifty 50 fell by a per cent, extending losses to the sixth consecutive week. The index is now down 1.6 per cent in August so far, after falling 3 per cent in July. While FPIs' selling and a 50 per cent tariff imposed by US President Donald Trump kept the mood sombre, the Reserve Bank of India's status quo on interest rates did not offer any relief. On Friday, August 8, the index closed at 24,363, falling below the crucial support of 24,450. Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, pointed out that the Nifty 50 is now eyeing the 24,000–23,800 zone. This range holds significance as it coincides with the 200-day exponential and simple moving averages, both key long-term support indicators. According to Patel, positive divergence in the RSI on intraday charts, along with the daily RSI nearing its support zone, hints that the correction may be approaching its final leg. "For a recovery to take shape, the Nifty must decisively reclaim 24,600 — the recent swing high. Such a breakout could open the path towards 24,800–25,000. Until then, traders are advised to keep positions light and avoid aggressive bets," said Patel. Jigar Patel recommends buying shares of Titan, HCL Tech, and BPCL for the next two to three weeks. Titan has found support at a confluence of crucial technical levels, raising the likelihood of a short-term recovery. Shares of Titan Company have rebounded from a falling trendline, the 0.50 Fibonacci retracement, and the combined backing of the 100-day and 200-day exponential moving averages (DEMA). This convergence of support reflects strong buying interest in the current range. The Relative Strength Index (RSI) has displayed a hidden bullish divergence, signalling underlying strength despite recent price weakness. "We suggest accumulating Titan in the ₹ 3,475– ₹ 3,425 zone for an upside target of ₹ 3,750, with a stop-loss below ₹ 3,300 on a daily closing basis," said Patel. Titan technical chart HCL Technologies has witnessed a sharp correction of around 300 points, or 17.15 per cent, from its recent peak near ₹ 1,740. Over the past seven to eight sessions, the stock has consistently held near the 0.618 retracement level, which also coincides with the gap formed on April 22–23, 2025. Prices are trading well below the 100- and 200-day exponential moving averages, indicating the potential for a mean reversion. On the daily charts, the RSI is forming a complex 'W' pattern below the oversold threshold of 30, while bullish divergence is visible on the hourly chart. These technical cues suggest a possible rebound. "We recommend accumulating the stock in a staggered manner within the ₹ 1,480– ₹ 1,450 zone, targeting ₹ 1,600. A protective stop-loss should be maintained below ₹ 1,400 on a daily closing basis," said Patel. HCL Tech technical chart BPCL has recently found strong support, aligning with multiple technical indicators. The price has rebounded from a key trendline, the 0.382 Fibonacci retracement level, and the 100-day exponential moving average (DEMA), all converging to reinforce this support zone. Additionally, the RSI has formed a hidden bullish divergence, indicating that underlying momentum is improving despite recent price weakness. This setup suggests a favourable risk-reward scenario for short-term traders. "We recommend buying BPCL stock in the ₹ 320– ₹ 315 zone, aiming for an upside target of ₹ 350. To manage risk effectively, a stop-loss should be placed below ₹ 300 on a daily closing basis," Patel said. BPCL technical chart Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of the expert, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.


Indian Express
18 minutes ago
- Indian Express
Australia plans to recognise Palestinian state within days: Report
Australian Prime Minister Anthony Albanese led government is all set to recognise a Palestinian state as early as Monday, following a similar move by France, the UK and Canada, a report in Sydney Morning Herald stated. PM Albanese could sign the move within days after the cabinet clears it on Monday, the report added, quoting unnamed sources. However, the office of the Australian prime minister has not responded to the development. France and the UK last month said they would recognise a Palestinian state, which was followed by the same announcement made by Mark Carney led Canada. Though Britain said it would follow suit unless Israel addresses the humanitarian crisis in the Palestinian territories and reaches a ceasefire. The countries have set September as the deadline to recognise a Palestinian state. Israel, on the contrary, has condemned the decision taken by its allies to recognise a Palestinian state, saying the action would amount to reward militant group Hamas that governs Gaza and had attacked Israel in October 2023 which led to a war in the region. On Sunday, Israeli Prime Minister Benjamin Netanyahu said that most of the Israeli citizens were against the establishment of a Palestinian state as they think it would bring war and not peace in the region, despite thousands of protesters and demonstrators demanding an end to war with a ceasefire and hostage deal. 'To have European countries and Australia march into that rabbit hole just like that, fall right into it…this is disappointing and I think it's actually shameful but it's not going to change our position,' Netanyahu said, reported Reuters. Australian PM Albanese has been vocal about a two-state solution, with his centre-left government supporting Israel's right to exist within secure borders and Palestinians' right to their own state. When asked by reporters about his government's stance on recognising a Palestinian state, Albanese said 'I've said it's a matter of when, not if.' (with inputs from Reuters, Sydney Morning Herald)