BJP warns govt against allowing foreign airlines equity in Indian companies

New Delhi: Alleging that government was clandestinely working on allowing foreign players 24 to 26 per cent equity in Indian airlines, BJP on Wednesday warned that such a step would destroy domestic aviation industry and asked the UPA dispensation to clear the air on the issue.
"What we are hearing about efforts to bail-out a particular loss making airline is not the full story. There are reports that government proposes to allow 24 per cent equity in Indian airline companies while department of industrial promotion and policy (DIPP) is suggesting 26 per cent," BJP spokesperson Rajiv Pratap Rudy said.
He sought a clarification from the government on the issue and claimed that this will lead to cartelisation.
"This policy may suit one company but the end-product will be cartelisation by foreign airlines. The day this is done, that too clandestinely, there will be complete annihilation of civil aviation industry in India," he said.
16/11/11 PTI/Times of India

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Categories: Foreign Nov 2011, Indian Aviation- In General Nov 2011