CBI books AirAsia CEO, others for violating 5/20, FIPB rules
CBI has registered a case against AirAsia Group CEO Tony Fernandes and others over alleged violation of 5/20 rule and FIPB rules for getting international flying licenses. Fernandes allegedly lobbied with government servants for clearances, removal of existing 5/20 rule, and change in regulatory policies. The 5/20 rule means a company needs 5 years of experience and 20 aircraft to get the license.
Others who were named in the FIR
The FIR was also registered against the airline's Travel Food owner Sunil Kapoor, Director R Venkatraman, Aviation Consultant Deepak Talwar, Director of Singapore-based SNR Trading Rajendra Dubey, and unidentified public servants.
