Monday, July 8, 2013

NEWS | AirAsia boss Tony Fernandes targets Naresh Goyal, Subramanian Swamy and unfare aviation rules in India

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 0.21 % 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."

SOURCE:http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/airasia-boss-tony-fernandes-targets-naresh-goyal-subramanian-swamy-and-unfare-aviation-rules-in-india/articleshow/20902050.cms

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