Dr.T.V.Gopalakrishnan , Mumbai , says: NO.Aviation industry requires structural changes and it cannot be set right by permitting FDI.Air India and King Fischer are made sick by total mismangement and fresh investments whether by way of FDI or otherwise will only help help good money chasing bad investment and negative return. Entire aviation system and its operations need to be thoroughly revamped as they suffer not due to paucity of funds but due to lack of accountability in utilising public funds both from the Govt and the banking system. it is better to understand the issues involved in aviation industry and then think of reviving them with or without FDI.
23 Jan 2012, 1809 hrs IST
(This appeared in ET e paper dt23/01/12)