New Delhi, Nov 27 (UNI) In keeping with the developments in the civil aviation sector, India and the UAE will sign a revised air services agreement that will allow them to designate any number of airlines for operation of mutually agreed services.
The approval for the signing of the revised agreement was given by the Union Cabinet today.
''An important landmark, the revised agreement has the potential to spur greater trade, investment, tourism and cultural exchange between the two countries,'' an official spokesperson said.
To be signed after approval by the respective Governments, it will supersede the existing agreement signed on March 21, 1989.
The new agreement will give the designated airlines freedom to decide tariffs, but at the same time protect them from tariffs that are predatory or artificially low.
The designated airline of either party can enter into cooperative marketing arrangements such as code share or commercial arrangements.
Either country can revoke, suspend and limit the operating authorisation or the technical permission of an airline designated by the other country, if specified conditions are not upheld.
Both countries will follow the obligations to protect the security of civil aviation against acts of unlawful interference.
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