New Delhi: India's aviation sector and its business environment got a rude reality check on July 3, this time from AirAsia boss Tony Fernandes, the latest suitor for a piece of the country's skies.
Fernandes, whose Malaysian group plans to launch an airline in India later this year, launched a blistering attack on restrictive Indian aviation rules and blamed Jet AirwaysBSE -2.60 % boss Naresh Goyal for some of them, in a rare display of candour that covered everyone from partners to rivals to authorities.
Referring to a rule that prevents local airlines from flying abroad until they complete five years of operations and own 20 aircraft, Fernandes said: "That's probably put in by Naresh (Goyal) or someone else to protect themselves."
When his comments, made at a packed news conference in Delhi to discuss his low-cost airline's proposed launch in October, drew guffaws, he rubbed it in: "You are laughing, so I am right."
04/07/13 Economic Times
To Read the News in full at Source, Click the Headline
Fernandes, whose Malaysian group plans to launch an airline in India later this year, launched a blistering attack on restrictive Indian aviation rules and blamed Jet AirwaysBSE -2.60 % boss Naresh Goyal for some of them, in a rare display of candour that covered everyone from partners to rivals to authorities.
Referring to a rule that prevents local airlines from flying abroad until they complete five years of operations and own 20 aircraft, Fernandes said: "That's probably put in by Naresh (Goyal) or someone else to protect themselves."
When his comments, made at a packed news conference in Delhi to discuss his low-cost airline's proposed launch in October, drew guffaws, he rubbed it in: "You are laughing, so I am right."
04/07/13 Economic Times
