Industry body Assocham asked the government to expedite mandatory clearances to give effect to the proposed Jet-Etihad deal and launch fresh efforts to revive the grounded Kingfisher Airlines . The government should "ensure that all the mandatory clearances from the Foreign Investment Promotion Board and even from RBI should be given expeditiously so that a refurbished entity takes off with a renewed vigour," it said.
Assocham said: "After the Etihad-Jet deal, fresh efforts should also be made to revive the grounded Kingfisher Airlines." "After all, public money worth several thousands of crores of rupees is locked and the stakeholders - be it banks, employees and promoters - all are the losers," it said. Observing that Indian aviation industry was witnessing early signs of revival, Assocham said the proposed deal for Etihad Airways to pick up stake in Jet Airways would "infuse new lease of life" in the troubled Indian aviation sector.
03/02/13 moneycontrol.com
