Government to Assess Airport Operators’ Airline Ownership Proposal, Says Aviation Minister Rammohan Naidu
The government is weighing a rule change as India seeks more airlines in a market where IndiGo and Air India hold over 90% combined share.
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7 Articles
Will weigh all pros and cons of cross-ownership of airports, airlines: Aviation Minister Naidu
Naidu’s comments at an industry event came in response to a question on whether the government had decided on the Adani group’s request for a waiver from cross-ownership restrictions as it was evaluating participating in the airline business
Government to assess airport operators’ airline ownership proposal, says Aviation Minister Rammohan Naidu
The government will assess the “pros and cons” of allowing airport operators to own stakes in airlines and adopt a balanced approach, Civil Aviation Minister K Rammohan Naidu said. He stressed the need for more airlines to meet rising travel demand, while noting that no decision has been taken on the proposal. Naidu also said India should aim for more than 350 airports and at least five airlines operating 100 aircraft each.
Civil Aviation Minister Ram Mohan Naidu has clarified that the government will not make any hasty decisions on the Adani Group's proposal to launch an airline. The main reason is the potential conflict of interest due to cross-ownership.
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