Indian airlines to surrender unused foreign flying rights – Will this move damage IndiGo?

The Indian Ministry of Civil Aviation has stated that it will ask all Indian airlines not utilising their full quota of foreign flying rights to surrender them within the next six months. Currently a domestic airline must operate for five years and have a fleet of 20 aircraft before it can start overseas flights. The so-called 5/20 rule has held back Indian traffic growth for many years now. At the moment only Air India, Jet Airways, SpiceJet and IndiGo are permitted to fly international routes but combined they are only utilizing about 35% of their allocations. The Indian government states