Sunday, June 21, 2015

Poor infrastructure, high taxes preventing foreign airlines from investing in India: IATA

Miami (US): Poor aviation infrastructure and "difficulty" in doing business like high taxes and regulations have deterred foreign airlines from investing in Indian carriers, the chief of global airlines' body IATA has said.

Tony Tyler, Director General and CEO of the International Air Transport Association (IATA), also termed the proposed system to replace the 5/20 rule, which allows Indian carriers to fly abroad only after five years of domestic operations and a 20-aircraft fleet, as "misguide and said such rules "should not be there".

Tyler, who spoke to Indian journalists here recently on the sidelines of the 71st annual general meeting of the IATA, is likely to visit India soon when he may raise these issues with the government.

Tyler, who spoke to Indian journalists here recently on the sidelines of the 71st annual general meeting of the IATA, is likely to visit India soon when he may raise these issues with the government.
21/06/15 PTI/Economic Times
To Read the News in full at Source, Click the Headline