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Union Cabinet approves signing of Air Services Agreement between India and Greece

Union Cabinet approves signing of Air Services Agreement between India and Greece

India Blooms News Service | 22 Feb 2017, 08:48 pm
New Delhi, Feb 22 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday, has approved the signing of Air Services Agreement (ASA) between India and Greece.

The Agreement is expected to spur greater trade, investment, tourism and cultural exchange between the two countries bringing it in tune with the developments in the civil aviation sector.

According to the Agreement, both countries shall be entitled to designate one or more airline and the designated airlines of either country shall have the right to establish offices in the territory of the other country for the promotion end sale of air services.

It has been agreed that the designated airlines of the two countries shall have fair and equal opportunity to operate the agreed services on specified routes.

The Agreement also stated that the designated Airline of each party can enter into cooperative marketing arrangements with the designated carriers of same party, other party and third country.

According to the Route Schedule determined in the Agreement, Indian carriers can operate to Athens, Thessaloniki, HerakIion and any three points to be specified later in Greece from points in India, whereas the carriers of Hellenic Republic can establish direct operation to six metros viz. New Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennal. Any points shall be available as intermediate and beyond point for the designated carriers of India as well as the designated carriers of Greece.

At present there is no ASA between India and Greece.

Delegations from India and Greece had met in New Delhi in September, 2016 and finalized the text of ASA.

Union Cabinet approves signing of Air Services Agreement between India and Greece

India Blooms News Service
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