Mumbai: AirAsia India has plans to expand its fleet to eight aircraft and increase it to 16-20 later.
This was disclosed by AirAsia Group chief Tony Fernandes at the Make in India week here today.
AirAsia India, which has six Airbus A320-200 planes, is a joint venture in which Malaysia's AirAsia Bhd holds 49 per cent, Tata Sons Ltd 41 per cent and Arun Bhatia of Telestra Tradeplace Pvt Ltd the rest.
Fernandes said the 5/20 rule, under which the new entrants must have five years of experience in the domestic segment and a fleet of 20 aircraft before they can fly abroad, was complicated and burdened the industry.
"Let the market decide and where routes are needed to be subsidised, subsidise them. India is a huge country with a huge market and it has a massive potential," he said.
Besides 5/20 rule, he said, "Your airports are very costly and your fuel taxes are one of the highest. Please make business easier to do."
He replied in the affirmative to questions on further capital infusion in AirAsia India but did not elaborate.
AirAsia India and Tata-Singapore Airlines venture Vistara are the prime opponents of the 5/20 rule, which is being supported by almost all major Indian carriers.
15/02/16 Telegraph
To Read the News in full at Source, Click the Headline
This was disclosed by AirAsia Group chief Tony Fernandes at the Make in India week here today.
AirAsia India, which has six Airbus A320-200 planes, is a joint venture in which Malaysia's AirAsia Bhd holds 49 per cent, Tata Sons Ltd 41 per cent and Arun Bhatia of Telestra Tradeplace Pvt Ltd the rest.
Fernandes said the 5/20 rule, under which the new entrants must have five years of experience in the domestic segment and a fleet of 20 aircraft before they can fly abroad, was complicated and burdened the industry.
"Let the market decide and where routes are needed to be subsidised, subsidise them. India is a huge country with a huge market and it has a massive potential," he said.
Besides 5/20 rule, he said, "Your airports are very costly and your fuel taxes are one of the highest. Please make business easier to do."
He replied in the affirmative to questions on further capital infusion in AirAsia India but did not elaborate.
AirAsia India and Tata-Singapore Airlines venture Vistara are the prime opponents of the 5/20 rule, which is being supported by almost all major Indian carriers.
15/02/16 Telegraph
