New Delhi: As the Government dithers over abolishing the archaic 5/20 rule which puts Indian airlines at a distinct disadvantage over their foreign counterparts, here is one of the more sensible reactions by a stakeholder.
Vistara CEO Phee Teik Yeoh says removing 5/20 is a step in the right direction and even though what 5/20 may be replaced with is complicated, waiting time for new airlines still stands shortened to two to three years from five years earlier.
The 5/20 rule bars Indian airlines from flying overseas unless they first complete five years of domestic flying and have a fleet of 20 aircraft. This rule is now up for review but the airline industry is divided right down the middle over its removal. Incumbents like IndiGo, Jet AIrways, SpiceJet and Air India say the rule should stay whereas new airlines Vistara and AirAsia India obviously want it removed.
04/05/15 Sindhu Bhattacharya/First Post
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Vistara CEO Phee Teik Yeoh says removing 5/20 is a step in the right direction and even though what 5/20 may be replaced with is complicated, waiting time for new airlines still stands shortened to two to three years from five years earlier.
The 5/20 rule bars Indian airlines from flying overseas unless they first complete five years of domestic flying and have a fleet of 20 aircraft. This rule is now up for review but the airline industry is divided right down the middle over its removal. Incumbents like IndiGo, Jet AIrways, SpiceJet and Air India say the rule should stay whereas new airlines Vistara and AirAsia India obviously want it removed.
04/05/15 Sindhu Bhattacharya/First Post
