5/20 rule for Indian airlines must be scrapped, says Tata Sons' Mukund Rajan
Advertisement
Advertisement
The government should abolish 5/20 rule for the He said that the rule should be scrapped as local carriers that can go abroad cater to just 30% of Indians travelling overseas because of lack of capacity.
Vistara is India's newest airline which is jointly owned by the
On being asked about the reason behind Tata Group’s decision to enter the airline business, he said the company tried twice to enter the aviation sector but it never happened due to some reasons. “When the previous administration allowed foreign airlines to own stakes in Indian airlines, we were approached by AirAsia first and Singapore Airlines and both were with different kinds of offerings,” he told the financial daily.
Talking about the Indian aviation market, Rajan said that there is space for a low-cost carrier as well as for a premium airline, which
Advertisement
On being asked about Vistara’s performance since its launch in January, he told ET that in India there is a kind of traveller who is looking for a better travel experience in terms of hygiene and a little extra care during their travel and there is another kind looking for nothing extra and just for travel between points A and B. “Vistara, with its product offering, has been able to establish the distinction between a full service and a low-cost (carrier) and it will get pronounced further. We are probably the fastest carrier to be able to carry a million passengers in India and that we will achieve before the end of this fiscal,” he said.
Talking about the price of tickets, he said: “We have a concept of dynamic fares, which keep changing based on 'n' number of factors. In terms of economy fares, we are competitive (with) any low-cost carrier but we would not get into offering fares and discounts like many airlines do in India. Our loads in the economy class of our aircraft are phenomenal. But Vistara also has seats in premium economy and business class, which are picking up and will pick up further.”
After being asked to rate this NDA government, the
Discussing other issues, he said: “Let us talk about hubs. To put it bluntly, our hubs are actually outsourced to foreign countries. I think hubs outside India have done a great job. Good luck to them. But why cannot these hubs be in India? An aviation hub can have a multiplier effect on the economy. Look at Atlanta, which is an aviation hub.”
(Image: Indiatimes)
Advertisement
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- A 101-year-old woman keeps getting mistaken for a baby on flights and says it's because American Airlines' booking system can't handle her age
- The Role of AI in Journalism
- 10 incredible Indian destinations for family summer holidays in 2024
- 7 scenic Indian villages perfect for May escapes
- Paneer snacks you can prepare in 30 minutes
- Markets crash: Investors' wealth erodes by ₹2.25 lakh crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market