Airlines concerned about 49% FDI cap: Lufthansa's Hilgers

New Delhi: Lufthansa German Airlines’ south Asia director, Alex Hilgers, says global airlines have raised concerns over India’s proposed liberalisation of foreign direct investment in aviation, questioning the 49 per cent cap that would not give them a majority control over domestic carriers.
They have also raised issues pertaining to the level of government intervention they might face in the country even after they enter. In an interview with Business Standard, Hilgers talked about the concerns raised by global airlines at an IATA (International Air Transport Association) conference in Beijing in June 2012. “The issue is that 49 per cent is not enough. There are still doubts as to can I do what I want to do with 49 per cent?” he said.
Saying there were also concerns about government intervention, Hilgers added, “I think the guy who comes wants 51 per cent and not 49 per cent and he wants certain freedom from the government side.”
23/08/12 Disha Kanwar & Surajeet Das Gupta/Business Standard

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Categories: Foreign Aug 2012, Indian Aviation- In General Aug 2012, New Aug 2012