Wednesday, November 30, 2011

Government not approving applications to fly overseas: Rahul Bhatia, IndiGo

New Delhi: Hitting out at the government, co-founder of India's most successful airline IndiGo has said that the governmnet is not approving applications to fly overseas. Rahul Bhatia said IndiGo has applied for 30 international departures every day.
Rahul Bhatia, who floated IndiGo airlines with Rakesh Gangwal five years ago said that the government should not change current FDI policy in aviation. "The success formula of the carrier is low operation cost, low fares and more customers," said Bhatia.
Bhatia said that IndiGo's focus will be in India and reiterated that Air India would end up as a loser if foreign airlines are allowed to buy into domestic carriers. In the coming years, air traffic in the country is set to jump and the opportunity it will create should belong to Indian carriers.
29/11/11 Economic Times
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