Ratan Tata attacks airlines support of 5/20 rule

Ratan Tata, chairman of Tata Group, which owns AirAsia India and Vistara through joint ventures, has hit out  at incumbent airlines in India who are against the abolition of the 5/20 rules that restricts new airlines from flying overseas. Tata accused his rivals of lobbying and using “monopolistic pressures” to retain the rule. However, Ajay Singh, chief executive of SpiceJet has responded by accusing Tata’s airlines of being controlled by their foreign parents and has advised him to ensure his airlines first serve India and then seek to fly international. AirAsia India and Vistara are currently preventing from flying international