Sunday, February 28, 2016

After Ratan Tata, AirAsia chief Tony Fernandes attacks older airlines over 5/20 rule

New Delhi: The war of words over 5/20 norm continues with AirAsia chief Tony Fernandes on Saturday After Ratan Tata, AirAsia chief joins fight over 5/20 norm asking whether all of them live in India, in an obvious reference to Jet Airways chairman Naresh Goyal, an NRI living in the UK.
Goyal's airline along with three budget carriers - IndiGo, SpiceJet and GoAir - are opposed to change in the existing regulation, popularly known as '5/20 norm' for international flying by domestic carriers, which the government is mulling as part of its proposed new civil aviation policy.
AirAsia India and Vistara - two airlines operated by the Tatas through joint ventures - are presently ineligible to operate overseas as the 5/20 norm requires an Indian carrier to have minimum five years domestic operational experience and at least 20 planes to go international.
"Reading all the stuff on TATA and Airasia. Quite crazy 5/20 hasn't been solved. Are owners of Indian airlines living in India. Naresh? NRI," Fernandes said in a series of tweets.
Tata Sons runs joint venture airlines, Vistara and AirAsia India, with Singapore Airlines and AirAsia respectively. Arun Bhatia of Telestra Tradeplace is the third partner in AirAsia India.
27/02/16 PTI/Times of India
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