Under Section 43 of the Bharatiya Vayuyan Adhiniyam, 2024, upon repeal of the Aircraft Act, 1934, what happens to licences, certificates, approvals, and permissions granted under the repealed Act?

Section 43(1) repeals the Aircraft Act, 1934. However, Section 43(2) contains a robust savings clause, providing that notwithstanding such repeal, anything done or action taken under the repealed Act - including rules, notifications, licences, certificates, approvals, permissions, exemptions, directions, and penalties - shall, insofar as not inconsistent with the new Act, continue to have effect as if made or issued under the corresponding provisions of the Bharatiya Vayuyan Adhiniyam, 2024. This savings mechanism ensures continuity and legal certainty for the aviation industry, preventing regulatory disruption or the need for wholesale re-issuance of existing approvals during the transition to the new legislative framework.