Sunday, March 04, 2018

AI divestment should come with liberal terms: top aviation official

Singapore: Air Indias divestment should come with liberal terms for allowing more in-bound international flights to create a healthy competitive environments, a top aviation official said today.

Given the full-fledged commercial operations with international competition from major airlines, Air India should match in profits its competitors such as Singapore Airlines, Binit Somaia, director for South Asia at the Sydney-based Centre for Aviation (CAPA) said.

"If Air India is privatised, the policy setting rules will improve," said Somaia here.

Air India has strong fundamentals, a fleet of about 150 aircraft, well established international routes and slots at airports, he said at the CAPA Global low cost carrier Summit held in Singapore from March 1-3.
04/03/28 Gurdip Singh/India Today

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