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Wednesday, 27 January 2016

Wadia-owned GoAir opposes scrapping of 5/20 rule that will benefit Tatas' airlines

New Delhi: The Tatas and Wadias — two friends and allies for many decades — are now facing off at opposing lobbies as the civil aviation ministry considers dismantling the 'five years and 20 aircraft' (5/20) norm for domestic carriers to fly international.
Nusli Wadia and Jeh Wadia, promoters of GoAir, were part of a delegation that met Minister of State for Civil Aviation Mahesh Sharma on Tuesday as part of a Federation of Indian Airlines (FIA) team.
SpiceJet Chairman Ajay Singh was also a part of the delegation.
Sources in the know told ET that Wadias argued before the minister that most nations protect and give their domestic airlines priority over foreign carriers.

"This is a new government and there are expectations from it," Nusli Wadia is learnt to have told the minister.

Existing guidelines allow only airlines that have been flying within India for five years or have more than 20 aircraft to fly on international routes.
To Read the News in Full 21/01/16 Mihir Mishra/Economic Times
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