There would be no delay in granting necessary approvals to Malaysian carrier AirAsia for its proposal to start an airline here with Tatas if all required information is provided to Government agencies, Civil Aviation Minister Ajit Singh said on Sunday.
“There are some procedural issues which will be settled and there is nothing to worry. We welcome AirAsia-Tata Joint Venture (JV) and hope that it will be operational soon,” he told reporters on the sidelines of Routes Asia Conference here.
“The procedure is (that) they have to get a no objection certificate (NOC) from the ministry. The Home Ministry will also check the directors’ background... And we will check (if) adequate capital requirement is there, two-third directors are Indians among others.
“And once they get the NOC, they will go to DGCA to get the operator’s permit...A lot of information and data is needed because safety is a very big concern in this sector... But, if the JV provides the required data, there will be no delay from the aviation ministry and DGCA in making the JV operational,” Singh said.
The minister was reacting to media reports about the JV getting stalled at the Civil Aviation Ministry as it was apparently not keen to allow the Malaysian company to start a new venture in the country.
The Foreign Investment Promotion Board (FIPB) on March 6 had cleared the AirAsia’s bid to launch an airline in India by joining hands with Tata Sons where the Malaysian carrier would hold 49 per cent stake, Tata Sons 30 per cent and Arun Bhatia of Telestra 21 per cent. Referring to the possible Jet-Etihad deal, the ministersaid that something positive is happening in this space.
“They (Jet-Etihad) are discussing and the fact that recently Jet sold their slots in london and leased them back, means something positive is going on there,” he said adding that the ministry is considering the Jet’s request for code sharing with Etihad positively.
He also said the Government is going to start talks with Abu Dhabi for more traffic rights as all the existing rights were nearly exhausted.
“last year, we were flying about one lakh passengers to Singapore and Gulf Countries. This year, we have granted 80,000 more seats to Indian carriers and now we are matching the foreign carriers. So, now the time has come for talks with them to increase traffic rights,” he said.
Talking about the grounded Kingfisher Airlines, Singh said that the airline was yet to submit a credible plan to the Directorate General of Civil Aviation (DGCA) to restart the operations. PTI