Search the Internet          Tips  Sites: Finance, Investment

Jet Airways: Indian or foreign?

Divestment Minister Arun Shourie on Friday said it was not clear whether the private Jet Airways is an Indian or a foreign airliner.

''I have been trying to find out one thing. Nobody is able to tell me who owns Jet Airways. Is it an Indian airline or a foreign airline?'' Shourie told Rajya Sabha during a short duration discussion in which Janata Dal member C Ibrahim charged the government with trying to sell Air-India to foreign airlines.

Ibrahim maintained that his United Front government encouraged domestic airlines including Jet Airways unlike NDA government.

''What I have been able to discover through all agencies of government is that Jet Airways is owned by a company called Tailwinds, registered in the Isle of Mann, a tax haven,'' Shourie said.

He said he agreed with Ibrahim that domestic airlines should be encouraged but he was unable to find out for the last three years as a minister whether ''Jet Airways is domestic airline or not''.

Ibrahim, however, asserted that Jet Airways was run by an Indian and the money was in India.

Tell us what you think of this report