MUMBAI: The boss of India’s newest airline Vistara has urged the government to scrap a rule that restricts carriers in the country’s cut-throat aviation sector from expanding their operations abroad. Phee Teik Yeoh, the Singaporean CEO of Vistara, which was launched last year, told AFP in a recent interview that recent reforms were welcome but more needed to be done to help fledgling airlines. Prime Minister Narendra Modi announced a long-awaited shake-up of the rapidly growing market in June, including amending a regulation known as the “5-20 rule”, which had been criticised by industry experts.
The new policy stipulates that Indian carriers no longer need to have been in operation for five years before they can fly internationally, as was previously the case.
