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Thursday 11 July 2013

Forget Jet, govt may even bend 5-year rule to accommodate AirAsia

The Government is being pummeled for bending backwards to help Naresh Goyal’s Jet Airways in its proposed equity deal with Etihad Airways but Jet is not the only airline it seems to be facilitating.
The Government also seems to be bending a few rules to accommodate AirAsia!
A senior official in the Ministry of Civil Aviation confirmed to Firstpost today that the Government was looking at relaxing the 5/20 rule for domestic airlines to fly abroad.
Don’t know what is 5/20? Just refer to the recent comments made by AirAsia’s Tony Fernandes during his whistlestop visit to India last week. Tony had referred to this rule, called it bizarre and even blamed Goyal for ensuring that this rule became law so that competition for his beloved Jet Airways was lessened in the previous decade.
11/07/13 Sindhu Bhattacharya/First Post

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