Following Prime Minister Narendra Modi’s visit to Singapore, CNBC-TV18’s Kritika Saxena caught up with Goh Choon Phong, CEO, Singapore Airlines to discuss their India plans.
Speaking on the 5/20 rule, Phong said it is an impediment to Vistara’s expansion plans. “We believe that the rule will unnecessarily constrain Vistara from expanding and serving India. We would hope that the Prime Minister and his group will consider removing that rule altogether to allow the Indian base carriers to actually serve in a more comprehensive manner to the India population, as well as the people from international traffic," he said.
Vistara is an Indian airline, which is a joint venture between Tata Sons and Singapore Airlines.
According to him the Civil Aviation Policy is a positive step taken by the Indian government. “We are appreciative of that, so we now also provide the feedback on the policy and hope that when it is finally determined, the 5/20 rule should is removed.”
Talking about the investment scenario in India, Phong said, India is a very difficult market for investments. "Despite the fact that India is a very difficult market and we by no means think that it is a walk in the park, we will continue to be very committed to this investment," he said.
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