The draft aviation policy has several pluses, such as focus on low-cost airports and MRO services, but new, low-cost airlines are unhappy with the stand on 5/20.
Bloomberg TV India caught up with AirAsia India MD and CEO Mittu Chandilya to get an insight on this.
There was a lot of anticipation with this policy, but it leaves a little to be desired, doesn’t it? As far as the 5/20 rule goes, they have gone ahead and said that it is going to be abolished but it is all marked to the domestic credits. How are you really looking at that? A little disappointed?
Look, anytime there is a policy that is re-looked by the government, by the ministry, by the regulators, I think it’s always a very progressive thing. It is going to have a positive impact on us as airline operators, as the government, as even travellers and passengers.
So it goes without saying that I think it’s a good move. There are rules that need to be looked at.
I think the one notable exception is the 5/20 rule. There seems to be a lack of commitment on it. It is the only rule in the policy which has an “or-or-or”.
So I think there is a lot of debate and probably it is the factor because all the airline operators are probably so divided on what needs to be done with this rule and there are probably very divergent views on what should happen with that rule.
I thought the draft policy was definitely in the right direction, it is moving in the right way.
31/10/15 Mehak Kasbekar/Bloomberg TV/Business Line
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Bloomberg TV India caught up with AirAsia India MD and CEO Mittu Chandilya to get an insight on this.
There was a lot of anticipation with this policy, but it leaves a little to be desired, doesn’t it? As far as the 5/20 rule goes, they have gone ahead and said that it is going to be abolished but it is all marked to the domestic credits. How are you really looking at that? A little disappointed?
Look, anytime there is a policy that is re-looked by the government, by the ministry, by the regulators, I think it’s always a very progressive thing. It is going to have a positive impact on us as airline operators, as the government, as even travellers and passengers.
So it goes without saying that I think it’s a good move. There are rules that need to be looked at.
I think the one notable exception is the 5/20 rule. There seems to be a lack of commitment on it. It is the only rule in the policy which has an “or-or-or”.
So I think there is a lot of debate and probably it is the factor because all the airline operators are probably so divided on what needs to be done with this rule and there are probably very divergent views on what should happen with that rule.
I thought the draft policy was definitely in the right direction, it is moving in the right way.
31/10/15 Mehak Kasbekar/Bloomberg TV/Business Line
