SINGAPORE - Singapore's competition watchdog is seeking public feedback on whether a proposed cooperation pact between Singapore Airlines (SIA) and Vistara for flights to and from India could adversely affect passengers.
The application for collaboration between the two airlines, submitted to the Competition and Consumer Commission of Singapore (CCCS) in November, could merge 16 routes that the two airlines now ply separately, including flights from Singapore to Indian cities including Mumbai, New Delhi, Kolkata and Hyderabad.
Concerns that the reduction in flights could affect ticket prices and seat capacity can be submitted to the CCCS till Dec 21. ST
If this pact is seen as important enough to ask the public for their opinions, not just for show, do you think the bailing out of a failed Indian bank, Lakshmi Vilas Bank, involving at least $460m is more important and warrants a similar opinion from the citizens whose money are at stake? Don't say it is not the people's money, any big losses someone has to bear and it will go down to Singaporeans bearing it. And Singaporeans are feeling cheated when their CPF savings did not seem to belong to them when all kinds of schemes, supposedly good for the Singaporeans, are introduced to take money from their CPF accounts, by legislation, without their consent or even asking them if they agree to it like this SIA Vistara pact.
We are all watching how the bailing out of the failed Indian bank going to turn out and how much of public money is going to go down the drain if it fails. Looking at all the sharks lining up to make claims against DBS India is frightening and shocking. Were these claims and lawsuits taken into consideration before plonking $460m into the exciting deal? If the creditors succeed, is there a bottom line to pay for the debt of Lakshmi Vilas that have nothing to do with DBS?
Why no asking of public opinion on such a big sum of money being spent? Oh, ok, commercial decision. But then, how much time were put in before this decision was made? How much due diligence?
Do you think the people should be consulted?