The remarks by the DGCA head is of great significance.
The decision to drop the proposal was taken last month during a meeting that Finance Minister Arun Jaitley held with labour ministry officials.
Hyderabad-based Turbo Megha Airways became the fourth company to receive flying licence from aviation regulator DGCA in the past two years to launch a regional airline.
The move would come as a relief to air passengers.
Till now, aircraft that are more than 15 years old were not allowed to be imported
India's aviation safety ranking was on Wednesday upgraded to Category-I.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
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