rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Air Asia CEO Tony Fernandes, others booked by CBI

Air Asia CEO Tony Fernandes, others booked by CBI

May 29, 2018 18:25 IST

The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules to get licenses for international operations

The Central Bureau of Investigation has registered a case against Air Asia Group CEO Tony Fernandes and others over alleged violation of norms for getting international flying licenses, officials said on Tuesday.

 

The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules in the aviation sector to get licenses for international operations, as well as violation of Foreign Investment Promotion Board (FIPB)rules, they said.

The 5/20 rule means that a company needs five years of experience and 20 aircraft to become eligible for the license, the officials said.

Besides Anthony Francis "Tony" Fernandes, Group CEO Air Asia Malaysia, the company Air Asia, Travel Food owner Sunil Kapoor, Air Asia director R Venkatraman, aviation consultant Deepak Talwar, director of Singapore-based SNR Trading Rejendra Dubey and unidentified public servants have been named in the FIR.

The searches are going on at six locations in Delhi, Mumbai and Bengaluru, the officials said.

Air Asia Group CEO Tony Fernandes allegedly lobbied with government servants for clearances, removal of existing 5/20 rule of aviation and change in regulatory policies, the agency has alleged.

Photograph: Romeo Ranoco/Reuters

© Copyright 2018 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.