Speaking at the Outlook 2007 session dedicated to the Indian Subcontinent, the Centre’s Kapil Kaul called for India to increase the 49% limitation on foreign ownership in local carriers to 74% and, moreover, must rewrite the rules prohibiting equity stakes being held by non-Indian airlines.
Highlighting the shift in thinking that has occurred in the country, the economy of which historically has been state-dominated, he pointed to his own agency. “At the new and rehabilitated airports, air traffic management and security are the only things that remain under the AAI’s purview,” he said.
Mr Kaul, who serves as CEO of the Centre’s leading Indian Subcontinent & Middle East practice, further encouraged the government to liberalise policy on foreign investment in airline training companies.
13/11/06 TravelVideo.tv (press release)
To Read the News in full at Source, Click the Headline
Tuesday, November 14, 2006
Home »
» India needs new airline ownership rules: Kaul
India needs new airline ownership rules: Kaul
Tuesday, November 14, 2006
Related Posts:
Akasa Air exposed personal data of its passengersIndia’s newest airline, Akasa Air, exposed personal identity data including names, email IDs and phone numbers of its customers.A technical error in o… Read More
Direct flights from Hyderabad to 3 Vietnamese cities, come OctoberHyderabad: Are you set for an experience filled with nature, distinctive architecture, and delicious food? You can now explore the scenic beauty… Read More
IndiGo signs codeshare agreement with Virgin AtlanticIndia's biggest airline IndiGo and British carrier Virgin Atlantic on August 31 announced a codeshare agreement that will allow them to sell seats on … Read More
IndiGo Joins World Economic Forum's Sustainable InitiativeThe country's largest carrier IndiGo on Monday said it has joined a sustainable initiative spearheaded by the World Economic Forum (WEF).The airline h… Read More
Parandur residents reject 3.5 times market value offer, ask govt for find another site for airportThe residents of Parandur, who are up in arms against the proposed airport in the region, rejected the government's land acquisition offer and said th… Read More
0 comments:
Post a Comment