Air India Express Plans Not Seems to be Going as per Said

2 March 2013
Kochi

Union Minister of State for Civil Aviation K.C. Venugopal was noncommittal when asked about the probability of conceding a claim of stake by the State government. He said he viewed the State government’s interest in AIE “positively” while underlining the fact that AIE remained a fully owned subsidiary of Air India, the national carrier.

Almost two months ago, Chief Minister Oommen Chandy won over an audience of largely Middle-East-based Non Resident Keralites at the Pravasi Bharatiya Divas with a statement of intent. It now seems Mr. Chandy’s plan B — a stake in AIE — was an escape route to wriggle out of a tight spot when Plan A — Kerala’s proposed Air Kerala — nosedived after Centre refused to relax norms.

Ninan John, director, Guiders Aviation and Tourism Academy, said a stake in AIE would at best give the State a foothold in the board of directors.

Source– http://www.thehindu.com/news/national/kerala/states-flight-of-fancy-with-air-india-express/article4466427.ece

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