SpiceJet chairman and managing director Ajay Singh told NDTV Profit that the views of the Federation of Indian Airlines (FIA), which includes all the four major airlines (Jet Airways, IndiGo, GoAir and SpiceJet) as well as the national carrier (Air India), on impending entry of Qatar Airways are similar as there is no country in the world that allows 100 per cent foreign direct investment (FDI) in aviation. These policies should be on the basis of reciprocity and we should only allow airlines or countries into India if they allow us the same privilege, he added.
"If the objective of the government with 100 per cent FDI was to get investment to the country, then this will not get any investment as when you set up an airline, essentially you lease aircraft and this will be done from outside India," Mr Singh said. The aviation sector in India is one of the most competitive sectors in the world with "the highest costs and the lowest fares" and we must be assured a "level playing field" so that the sector can grow and prosper, he added.
To Read the News in Full 18/03/17 NDTV
"If the objective of the government with 100 per cent FDI was to get investment to the country, then this will not get any investment as when you set up an airline, essentially you lease aircraft and this will be done from outside India," Mr Singh said. The aviation sector in India is one of the most competitive sectors in the world with "the highest costs and the lowest fares" and we must be assured a "level playing field" so that the sector can grow and prosper, he added.
To Read the News in Full 18/03/17 NDTV
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