New Delhi: BJP and CPI(M) today lambasted the government for considering allowing foreign airlines to invest in Indian carriers, saying it would bring "disaster" to the Indian aviation industry. "The decision is being taken in the backdrop of a few airline companies doing very badly. But such a move will completely annihilate the domestic civil aviation industry vis-a-vis foreign carriers," BJP leader and former Civil Aviation Minister Rajiv Pratap Rudy told reporters here. Government is likely to take a final decision on allowing foreign airlines to pick up stake in Indian carriers in a couple of weeks, with Civil Aviation Ministry proposing a 24 per cent cap as against 26 per cent recommended by the Industry Ministry. Maintaining that the move to allow foreign airlines was "fraught with lot of danger", Rudy said, "It is a calculated move by government to possibly benefit a few airlines. But, at the end of the day, it is going to bring disaster to our airlines and their network."
17/11/11 PTI/IBN Live
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