New Delhi: India's fiercely competitive airlines have teamed up to oppose the entry of another new airline.
IndiGo, Jet Airways, SpiceJetBSE 5.22 % and GoAir have asked the aviation regulator to deny an airline permit to Tata SIA Airlines Ltd, a joint venture between Tata Sons and Singapore Airlines. These airlines, under the banner of the Federation of Indian Airlines (FIA), have argued in a letter to the Directorate General of Civil Aviation (DGCA) that foreign airlines can invest only in existing ones and not startups according to the previous government's change in policy in September 2012. The May 23 FIA letter addressed to DGCA head Prabhat Kumar has been reviewed by ET.
In February, FIA tried to block another joint venture by the Tatas, a no-frills airline with Malaysia's AirAsia Bhd and Arun Bhatia of Telestra Tradeplace. The DGCA dismissed that objection--which the airline lobby had again based on the same policy interpretation--ruling that the government had made it clear that the policy was meant for both existing and startup airlines.
Read news in full 17/06/14 Binoy Prabhakar/Economic Times
IndiGo, Jet Airways, SpiceJetBSE 5.22 % and GoAir have asked the aviation regulator to deny an airline permit to Tata SIA Airlines Ltd, a joint venture between Tata Sons and Singapore Airlines. These airlines, under the banner of the Federation of Indian Airlines (FIA), have argued in a letter to the Directorate General of Civil Aviation (DGCA) that foreign airlines can invest only in existing ones and not startups according to the previous government's change in policy in September 2012. The May 23 FIA letter addressed to DGCA head Prabhat Kumar has been reviewed by ET.
In February, FIA tried to block another joint venture by the Tatas, a no-frills airline with Malaysia's AirAsia Bhd and Arun Bhatia of Telestra Tradeplace. The DGCA dismissed that objection--which the airline lobby had again based on the same policy interpretation--ruling that the government had made it clear that the policy was meant for both existing and startup airlines.
Read news in full 17/06/14 Binoy Prabhakar/Economic Times
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