1. Tony Fernandes​ says it’s hard to do​​ business in India​: 5 things AirAsia chief said in recent past

Tony Fernandes​ says it’s hard to do​​ business in India​: 5 things AirAsia chief said in recent past

Fernandes' claim is in sharp contrast to Prime Minister Narendra Modi's promise of improving the ease of doing business in India, though on several instances he has praised PM Modi for keeping his words.

By: | Updated: July 18, 2016 11:51 AM
tony-reu-L Fernandes recently congratulated PM Modi for doing away with the “five-year” rule in aviation sector under the new aviation policy. (Reuters)

AirAsia group chief Tony Fernandes claims it is hard to run business in India because of the “protectionist policies” and “vested interests”. Despite of odds, he wishes to continue running the AirAsia India, a joint venture with Tata, in India.

Fernandes’ claim is in sharp contrast to Prime Minister Narendra Modi’s promise of improving the ease of doing business in India, though on several instances he has praised PM Modi for keeping his words.

We bring you a list of five things the AirAsia chief has said in recent past.

Not going to storm like a bull in China shop like Vijay Mallya

“I am not going to storm in like a bull in China shop like Vijay Mallya did, and get caught. Now we have a (civil aviation) policy and the policy is very clear on what we have to do. So talk to us in a few years time,” PTI quoted him telling reporters when asked about the slow growth of his joint venture in India.

End protectionism in the skies

“Don’t protect airlines. Get more air traffic rights, get more tourism into India and create more jobs. I think the Modi Government has to be brave in going all the way and getting rid of vested interests and protectionism,” PTI quoted the man who is considered as one of the pioneers of introducing low-cost aviation model in Asia.

Well done Narendra Modi!

Fernandes recently congratulated PM Modi for doing away with the “five-year” rule in aviation sector under the new aviation policy. Earlier, the rule mandated domestic carriers to operate for five years for being eligible to fly abroad. Now they can do so without operating for five years, but they need to have 20 aircrafts in their fleets.

Fernandes took to Twitter to congratulate the PM for keeping his words, and said the new policy meant “an end to vested interests”.

Ready to buy Tata’s AirAsia India stake

Fernandes was recently reported as saying that AirAsia India was working well. But he won’t mind buying Tata’s stake if the latter’s share was available on sale and at a “good price”.

“We are happy with the Tatas at the moment. It (the joint venture) is working well but if any one wants to sell and it is good price and if I can buy I will buy,” he told PTI.

Excited about India

Fernandes recently said his company was excited about India though it is a “tough market”.

Fernandes has also been awarded the status of Overseas Citizen of India (OIC) by the government of India. “I am also delighted to share that I have been granted the OIC status. India has always been close to my heart as my father was from this country and Goa is my ancestral homeland,” PTI quoted him saying in a statement recently.

(Inputs from PTI)

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