Tuesday, October 09, 2012

AirAsia ready for India if environment is right: CEO

Kuala Lumpur: AirAsia is keen to have more presence in India if the "aviation environment" and tax structure are "conducive and friendly" for low-cost airline operations, the group's CEO Tony Fernandes has said. He felt that though the Indian government has allowed 49 per cent foreign direct investments in the country's civil aviation sector, the cost of operating an airline were still higher than many developed nations.
"This is the power of AirAsia. Everyone wants us, but the right infrastructure and environment must be there for us to go there (India)," Fernandes was quoted by Malaysian news agency Bernama as saying. "The airport tax is already very high and I even heard that they are going to further increase the tax, forcing many airlines to quit from certain destinations," he said.
"If everything is right, then we will be stupid not to enter the Indian market, which boasts more than a billion population," Fernandes added.
10/10/12 PTI/IBN Live
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