Negative about aviation sector as a whole: G Chokkalingam

G Chokkalingam, Executive Director & Chief Investment Officer, Centrum Wealth Management in a chat with ET Now, gives his views on the aviation sector.

ET Now: What is the call on aviation?

G Chokkalingam: We have not been buying these stocks. We still remain negative on this sector as a whole because the government is not able to understand the problem of aviation industry. There is no move on FDI in aviation.

Secondly most of these companies are suffering on account of excessive duties and taxes and also heavy price they pay for ATF, aviation turbine fuel. So the scenario is not going to change for these companies in near future. So we would remain negative on this sector as a whole.