Business News
Home > Business News
Air India letter surfaces to haunt UPA
TIWN
TIWN

PHOTO : TIWN
New Delhi, June 5 (TIWN) Amid enquiry into alleged role of a middleman in higher bilateral seat quota with Gulf countries during UPA era, it has now emerged that national carrier Air India had repeatedly warned against such move.
Letters written by the airline to Civil Aviation Ministry had claimed that the capacity entitlements on almost all the key international routes were benefitting foreign carriers requiring the Indian government to trade cautiously.
In a letter faxed to the Ministry in April, 2010 the state-run carrier had argued that the capacity deployed by foreign airlines was in far excess of the market requirements. It had noted that excess capacity was causing deleterious effect on Air India and needed to be addressed.
Add your Comment
Comments (0)
More Business News
- India’s industrial growth at 3.5 pc in July signals healthy recovery: Economists
- AI to unlock $500 billion opportunity for India’s tech services: Report
- India’s credit rating upgrade to boost investors’ confidence, drive foreign capital inflows
- Centre to update WPI, IIP; announces launch of new Producer Price Index
- S&P Rating's growth projection for India is no surprise: SBI Research