ET Now: Yesterday you released a draft policy. What was the main reason behind this? What is your vision for India's aviation sector?
Ashok Gajapathi Raju: It is common knowledge that aviation in India is nowhere near its potential. You can put the blame on the economic infrastructure. You can put it that way.
So how do we rise to fulfil our potential? Based on certain discussions, a draft paper was prepared and it was released yesterday. The idea was that the quality of decisions depends heavily on the quality of information.
Another perception is that all points have not been covered, and that certain things could have been put in a different way. So, a timeframe should be put on it. It will ensure that all the information that the stakeholders feel ought to have gone into the process of consultation does appear. This way, any decision that comes in becomes a conscious decision because governments are expected to act consciously, not unconsciously. So, that is the basic shift.
ET Now: Listing was a new idea, and we expect some kind of opposition coming from the AAI workers' union, and from the Pawan Hans employees as well. Will you be open to reserving some shares for these employees so that there should not be much opposition?
Ashok Gajapathi Raju: Shares to employees is a good idea, because they also should become part of the companies. It helps. You look at any successful entity anywhere in the world and you'll see that employees do have shareholding. With this, the level of confidence definitely goes up.
ET Now: What percentage would you like to reserve for the employees of these organisations?
Ashok Gajapathi Raju: Let them suggest. Why should we jump into it without any suggestions? Let them suggest what they would like to have. Then we will see.
ET Now: ATF prices are still not down, but the oil prices globally have come down. Are you going to suggest to the Petroleum Minister that it should be passed on to the petroleum companies and further to the airlines?
Ashok Gajapathi Raju: Obviously, because that is the policy of the Government of India. Petroleum products should be closer to the market reality. And ATF is part of it. So it should come about logically. We will definitely take it up with the Petroleum Ministry.
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