India’s Ministry of Civil Aviation is reportedly considering allowing Indian airlines to join together for large aircraft orders.
If it gets the green light Indian airlines could pool together to secure better terms with aircraft manufacturers to bring down purchase costs.
"It is a good idea, where airlines can come together and place their orders for aircraft," a senior ministry official said.
The official said the proposal is being discussed with individual domestic airlines and IATA (International Air Transport Association) officials.
The big two plane makers Airbus and Boeing have both forecast strong demand for new planes in India over the coming years.
Airbus recently said growing demand for air travel in India and other emerging markets could be worth as much as $5 trillion in new aircraft orders over the next 20 years.
