hohd wrote:1. Vistara is controlled by an Indian entity, Tatas and there was no doubt about Indian entity management control. Why is the Tata group desperately trying to exit Air Asia India (according to your post). Tata group only recently took the stake up to 51% in Air Asia India and that too only because of management control allegations.
2. Tony is not a paragon of virtue, everyone knows that he is corrupt, including the Malyasian Government. IF he is not guilty why is he avoiding the Indian regulators.
3. If Tony does not want to come to India, that is his prerogative, if he is not there to answer any allegations, then it could be assumed that he is guilty and actions could be taken against his subsidiary airline.
4. Yes India is corrupt, so what, just allow more corruption ?
5. Yes some government policies are stupid and I have not advocated not lobbying against it. Anyway 20 aircraft was there to protect AI and Jet and I did not recall any airline in India - Indigo or Spice jet or GoAir lobbying against it. Instead they accepted and proceeded with acquiring 20 aircraft and waited 5 years. Air Asia India lobbied against it (by attempting to or bribing officials) and got caught in the controversy.
6. Yes government did approve, but govt can change the rules any time after getting input from the industry. Technically Air Asia India was eligible, but the way they have operated (until mid 2019) makes it clear that airline was effectively controlled by a foreign entity. It takes time to change rules. And importantly, all airlines in India - Indigo, Spice, AI, Go Air, Jet Airways were against Air Asia India with the way they are operating. They could have selfish reasons, one less competitor to worry,
Before you go further, I don't support Modi blindly, I have no particular agenda, and I wish AI was privatized long time ago and have no particular love for Spice Jet either.
>>>>Tata group only recently took the stake up to 51% in Air Asia India and that too only because of management control allegations.
It was always effectively controlled by the Tatas. They previously directly held 48%, and 3% was held by senior Tata directors. There was an agreement that the Tatas would hold the Chairman position and Air Asia would hold the CEO position, just as it is with Vistara. Just because Air Asia has a licensing agreement doesn't mean it has effective control. Licensing agreements are used widely in the business world and come in various forms. Nothing strange about the agreement Air Asia had. It is Subramanium Swamy (SS) who made up stories about effective control of Air Asia to play the game that he is good at -- free publicity. Just so you are aware, SS is using Air Asia as a proxy to get to his real target Vistara. You have inadvertently become a pawn in promoting SS's agenda not realizing that you are indirectly taking a stab at Vistara.
>>>>Before you go further, I don't support Modi blindly
What has this conversation about AirAsia India or Vistara got to do with the PM? I don't get it.
>>>>Why is the Tata group desperately trying to exit Air Asia India (according to your post).
Because they would rather lose money on one company rather than two (they have now figured that running an airline is a losing proposition).
>>>IF he is not guilty why is he avoiding the Indian regulators.
He was not called in by "regulators" but some Indian investigative agency, which cannot be trusted.
>>> if he is not there to answer any allegations, then it could be assumed that he is guilty and actions could be taken against his subsidiary airline.
This logic is erroneous and won't hold legally if a country is truly democratic, has a free press (i.e., without retribution if one takes a position opposite that of the Government), and the judiciary is independent.
>>Yes government did approve, but govt can change the rules any time .
Again, faulty logic. This is almost as foolish as retrospective taxation......oh, wait a minute, didn't that happen in India?