newstodate.aero
May 1, 2006 (newstodate): Indian red tape remains the bottleneck for plans to set up new traffic between India, Europe and the USA via Stockholm Arlanda.
Since November, 2005, the Swedish law firm handling the bankrupt SWE-FLY has been negotiating with the Indian lcc SpiceJet that will take 50 percent in a new holding company aiming at establishing flights on routes between UK and India via Stockholm, between New York and India via Stockholm, and between Toronto and India via Stockholm.
The proposed business plan that has been approved by SWE FLY's creditors hinges on the granting in writing of traffic rights between India and Stockholm by the Indian authorities, while the Swedish authorities have long confirmed its positive approach to the project.
The authorisation by the Indian FAA is now awaited before May 15.
Since November, 2005, the Swedish law firm handling the bankrupt SWE-FLY has been negotiating with the Indian lcc SpiceJet that will take 50 percent in a new holding company aiming at establishing flights on routes between UK and India via Stockholm, between New York and India via Stockholm, and between Toronto and India via Stockholm.
The proposed business plan that has been approved by SWE FLY's creditors hinges on the granting in writing of traffic rights between India and Stockholm by the Indian authorities, while the Swedish authorities have long confirmed its positive approach to the project.
The authorisation by the Indian FAA is now awaited before May 15.