<ul><li>India is setting its sights on developing commuter aircraft with the creation of a new Special Purpose Vehicle (SPV) initiative.</li><li>The SPV will be established under the Companies Act and aims to assemble a team of experts from the public and private sectors to oversee the project.</li><li>The initiative is part of the Bhartiya Vayuyan Adhiniyam, 2024, which provides regulations for aircraft design and manufacturing.</li><li>The SPV will have a tenure of five years and will focus on developing a commuter aircraft with a range of 600-700 km to support regional airlines and the growth of the aviation manufacturing sector.</li></ul>

India sets sights on commuter aircraft development with new SPV initiative

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