One day we’ll get to Singapore: Fernandes

(Singapore: 10 November 2006) Opening the second day of CAPA’s Outlook 2007, AirAsia CEO Tony Fernandes recounted some of the reasons behind the region’s leading LCC’s success, while also calling on governments to abolish the “old-fashioned” rules that continue to hamper the LCC sector’s growth. “We still have ownership policies that view foreign control as ‘traitorous’ and protectionist access rules that misguidedly destroy opportunity cost to ‘save’ national pride,” he lamented.