It has been nearly two months since the government opened up the skies to FDI in aviation, but till date no foreign carrier has flown in to buy a stake in any Indian airline. While some, especially cash rich middle-east players like Emirates and Etihad, have afforded only a lukewarm response, foreign low cost carriers say that there is a lot more that needs to be done if they are to fully tap the huge market here.
Sunanda Jayaseelan of CNBC-TV18 reports what international low cost carriers are making of the post-reform aviation sector in India.
It has got the green signal, but FDI in aviation is yet to take-off in India. While full service carriers are moving cautiously, low cost carriers like Air Arabia says its wings are being clipped. India, is the perfect market for a low cost carrier (LCC), according to Adel Ali Group CEO, Air Arabia, who’s company entered India in 2007.
However, he says, there are a lot of issues that need to be urgently addressed for low cost carriers to fly smoothly, like taxes at airports and bilateral air service agreements.
09/11/12 CNBC-TV18/moneycontrol.com
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Sunanda Jayaseelan of CNBC-TV18 reports what international low cost carriers are making of the post-reform aviation sector in India.
It has got the green signal, but FDI in aviation is yet to take-off in India. While full service carriers are moving cautiously, low cost carriers like Air Arabia says its wings are being clipped. India, is the perfect market for a low cost carrier (LCC), according to Adel Ali Group CEO, Air Arabia, who’s company entered India in 2007.
However, he says, there are a lot of issues that need to be urgently addressed for low cost carriers to fly smoothly, like taxes at airports and bilateral air service agreements.
09/11/12 CNBC-TV18/moneycontrol.com
