The proposal was cleared at a meeting of the Union Cabinet, sources said in New Delhi.
The new regulatory body would be called the Civil Aviation Authority and would replace the Directorate General of Civil Aviation.
It will administer and regulate civil aviation safety and manage safety oversight over air transport operators, air service navigation operators and operators of other civil aviation facilities.
Noting that DGCA had limited delegation of financial powers and hence was ‘incapable of making adequate structural changes’ to meet the demands of a dynamic civil aviation sector, the sources said this necessitated its replacement with CAA that would have more administrative and financial powers to deal with the fast-changing
Sports Bill may stop BCCI from using 'India' as team name
Drones used in US for surveillance: FBI chief
We hope to go international soon: GoAir CEO
Indian fighter jets entered our airspace: Pakistan
Task force soon to monitor carbon emissions from aircraft