Govt policy not going to help the aviation companies: Yechury

New Delhi: Criticising the government's recent policy of giving sops to the aviation companies for boosting the sector, CPI(M) leader Sitaram Yechury said it will neither help the common people nor the companies.
"Government's policy to reduce excise duty and waive off customs duty on Air Turbine Fuel (ATF), after its price fell, is not going to help the aviation companies or the common man," Yechury said while addressing the third All India Conference of Airport Authority Employees Union here today.
The government's approach, which is exactly opposite to what it should have been, was not going to help the aviation companies, he said, adding when people won't have money they would not fly and aviation sector would continue to face the slowdown.
Yechury stressed that government should have focused on making people economically empowered in order to face the ongoing global economic recession.
The CPM leader also suggested that the old airports at Bangalore and Hyderabad should be used for commercial purpose, which he feels could help the industry in its revival and also provide work for the Airport Authority of India (AAI) employees stationed there.
17/11/08 Press Trust of India

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Categories: Indian Aviation- In General Nov 2008