Mumbai: The Jet Airways-Etihad deal may have a negative impact on Air India’s operations but that was to be expected of any such deal following the policy allowing foreign direct investment in Indian carriers, according to Thulasidas, former Chairman and Managing Director, Air India.
Reacting to the strategic investment by the Abu Dhabi-based airline in Jet, he said the Government cannot have a policy for a sector keeping in mind the interest of just one public sector undertaking.
At the same time, as the owner of Air India, it is the Government’s responsibility to take care of its interest, he added. This deal will mean more intense competition not only for Air India but to all the other airlines operating out of India.
24/04/13 Business Line
