Jet Airways does not need foreign direct investment but will back moves to open up the aviation sector to foreign airlines, its chairman Naresh Goyal said on Thursday. The government has said it will open up the airline sector and there is a proposal to allow 49% FDI to help cash-strapped carriers. "We do not need any FDI. We are doing fine. But we welcome the move," Goyal said.
He said the airline was ready to fly to several foreign routes once it gets approval from the government. The airline has applied for permission from the government to fly to Bangladesh, countries in West Asia and Europe. Goyal was in Pakistan as part of the Indian business delegation led by commerce and industry minister Anand Sharma to expand economies ties.
Goyal said he welcomed government's decision to allow direct import of aviation turbine fuel (ATF/jet fuel) but added that there were several issues which needed to be ironed out to implement the plan fully. "We need to have the infrastructure for this. We also need to look into the issue of state entry taxes," Goyal said, referring to the move from state governments to levy state entry taxes on direct import of ATF.
17/02/12 Surojit Gupta/Times of India
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