While hailing the Jet-Etihad deal announced on Wednesday, Saroj Datta, former executive director, Jet Airways , says foreign airways will not be able to revive Indian aviation sector.
"(Potential deals taking shape) is impossible to comment on. Jet's deal with Etihad doesn't have any immediate relationship to what other carriers could get. Valuations will also depend on what will happen in the future; how they see the airlines growing and so on and so forth. However, foreign deals will not automatically bring in a lot of money to get over the financial problems of the Indian Aviation industry," adds Datta in an interview to CNBC-TV18.
Another issue one needs to focus on, according to Datta and aviation expert, R Krishnan is enhanced bilateral rights. Datta believes inking the deal based on bilateral rights is not a good idea as in the recent past the Indian aviation has complained about excess number of seats due to which traffic growth has slowed.
29/04/13 CNBC-TV18/moneycontrol.com
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"(Potential deals taking shape) is impossible to comment on. Jet's deal with Etihad doesn't have any immediate relationship to what other carriers could get. Valuations will also depend on what will happen in the future; how they see the airlines growing and so on and so forth. However, foreign deals will not automatically bring in a lot of money to get over the financial problems of the Indian Aviation industry," adds Datta in an interview to CNBC-TV18.
Another issue one needs to focus on, according to Datta and aviation expert, R Krishnan is enhanced bilateral rights. Datta believes inking the deal based on bilateral rights is not a good idea as in the recent past the Indian aviation has complained about excess number of seats due to which traffic growth has slowed.
29/04/13 CNBC-TV18/moneycontrol.com
