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India : “Only country in the world with a 5/20 rule”.

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Mumbai: A new rule called ‘5/20’ was implemented and a controversy has surged up, following it.

The ‘5/20’ rule as it is been called,  decrees that new airlines like Vistara and AirAsia India must fly local for a maximum of 5 years along with the necessary securing of at least 20 aircrafts, before setting their feet abroad.

Tony Fernandes, CEO and founder of AirAsia Group Bhd, tweeted on Saturday: “Quite crazy 5/20 hasn’t been solved. Are owners of Indian airlines living in India. Naresh (Goyal), NRI”.

This is believed to be the reaction to Ratan Tata’s favoring of the 5/20 rule.

To explain the situation further, Fernandes was signaling to Federation of Indian airlines – which represents IndiGo, Jet Airways, SpiceJet Ltd. And GoAir – allegation that Tata is favouring the rule following self-interest and ownership issues.

Vistara co-owned by Tata Sons is essentially controlled from Singapore. Whereas, it is also worth mentioning that Air Malaysia is the largest shareholder.

AirAsia India, India’s largest airline founded by a London-based NRI, Naresh Goyal, is a joint venture in which AirAsia Bhd holds 49%, Tata Sons Ltd. 41% and the rest by Arun Bhatia of Telestra Tradeplace Pvt. Ltd.

Under the Indian laws, a foreign company can own and invest up to 49% on any Indian airline, while an NRI can hold a full 100% share in an airline.

The Tata Sons refuted the allegations, claiming that the day-to-day operations and major decisions are taken by the board members, which comprises a wholesome part of Indian residents. And also that an essential share of the ownership rests with the Indian parties as per the Government’s requirement.

Whereas Fernandes replying to a tweet, said that he can see no reason why Malaysia should not be allowed to set up a joint venture with the Indian airlines. He also mentioned of an Indonesian airline that is already operating a Malaysian AOC (air operating certificate).

In a final tweet, Fernandes remarked: “People of India, your voice needs to be heard more. For too long, airlines have been controlled by a few. Mostly NRIs. Competition is needed”. (Input from agencies)

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  • Daddy Luthra

    i don’t know whether to trust this article or not, the article states “AirAsia India, India’s largest airline founded by a London-based NRI, Naresh Goyal, is a joint venture in which AirAsia Bhd holds 49%, Tata Sons Ltd. 41% and the rest by Arun Bhatia of Telestra Tradeplace Pvt. Ltd.”; firstly naresh goyal is the founder of jet airways and not air asia india, secondly Air Asia India cant be called India’s largest airline with a fleet of 6 aircrafts and less than 10 destinations when Airlines like Indigo Operate with a fleet of over 100. These are just the basic facts about aviation in India i don’t know what you people are trying to portray.

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  • Daddy Luthra

    i don’t know whether to trust this article or not, the article states “AirAsia India, India’s largest airline founded by a London-based NRI, Naresh Goyal, is a joint venture in which AirAsia Bhd holds 49%, Tata Sons Ltd. 41% and the rest by Arun Bhatia of Telestra Tradeplace Pvt. Ltd.”; firstly naresh goyal is the founder of jet airways and not air asia india, secondly Air Asia India cant be called India’s largest airline with a fleet of 6 aircrafts and less than 10 destinations when Airlines like Indigo Operate with a fleet of over 100. These are just the basic facts about aviation in India i don’t know what you people are trying to portray.

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Badshah: Indians Don’t Take Rapping Seriously

Sunidhi and Badshah will be judging the second season of the reality show "Dil Hai Hindustani"

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Badshah Says, Indian Don't Take Rapping Seriously
Badshah Says, Indian Don't Take Rapping Seriously, flickr

Rapper and music composer Badshah, who is excited about his new reality show “Dil Hai Hindustani 2”, says that rapping is not taken seriously in India as an art form.

Badshah was interacting with the media at the launch of Star Plus channel’s forthcoming reality show along with singer Sunidhi Chauhan on Monday.

Badshah, who has delivered some chart-busting rap songs like “Chull”, “Saturday Saturday” and most recent “Tareefan” is eager to spread awareness about rap as an art form.

Talking about it, he said: “Rapping along with dance and stand-up comedy is not taken seriously as an art form in India and this misconception should change.”

“That is one of the main reasons why I have chosen to be a judge on the show. But apart from that, I’m here to have fun as well, and have a better connection with the audience,” he added.

Badshah
Badshah, flickr

The rapper is also gearing up to produce Bollywood and Punjabi movies and also launching a web series soon through his production house.

Talking about the future of the digital platform, Badshah said: “I think it (digital media) is the future, so it’s very important for any production house right now to concentrate on digital media.”

Sunidhi and Badshah will be judging the second season of the reality show “Dil Hai Hindustani”, along with Bollywood singer and composer Pritam.

Also read: Malaysian Rapper’s Dog Video Sparks Claim of Insulting Islam

The show, which first aired in January 2017, provides a platform for people from all over the world and of varying age groups to showcase their talent in Indian music. (IANS)