New Delhi: The government’s decision to allow 49 per cent foreign direct investment (FDI) in civil aviation seems to have rekindled interest among foreign carriers in the country’s aviation sector. A few days after the government made the crucial policy announcement, Tony Fernandes, chief executive officer of Air Asia, the largest low-cost carrier in Southeast Asia, said he would visit India this month.
“Will be in India at the end of the month and will try to meet all of the press,” Fernandes said in his response to an email query.
Shortly after the Union Cabinet approved FDI in civil aviation and multi-brand retail on September 14, he had tweeted: “Fantastic news that India has opened up investment to foreign airlines. With Malaysia opening up this is fantastic news for airlines like Air Asia. Great that Indian government has put people first.”
However, according to news agency Reuters, Fernandes, while addressing the Singapore press, said he had no immediate plans to enter the market because he thought the aviation fuel tax and airport charges were still too high.
24/09/12 Disha Kanwar/Business Standard
To Read the News in full at Source, Click the Headline
“Will be in India at the end of the month and will try to meet all of the press,” Fernandes said in his response to an email query.
Shortly after the Union Cabinet approved FDI in civil aviation and multi-brand retail on September 14, he had tweeted: “Fantastic news that India has opened up investment to foreign airlines. With Malaysia opening up this is fantastic news for airlines like Air Asia. Great that Indian government has put people first.”
However, according to news agency Reuters, Fernandes, while addressing the Singapore press, said he had no immediate plans to enter the market because he thought the aviation fuel tax and airport charges were still too high.
24/09/12 Disha Kanwar/Business Standard
