Kingfisher Airlines A320. By Rob Finlayson Indian civil aviation minister Ajit Singh said Tuesday that he and the country's finance minister back allowing foreign airlines to own up to a 49% stake in Indian carriers "as soon as possible." India's full cabinet will have to approve the proposal, seen as likely with Singh's backing. Foreign direct investment (with a 49% cap) in Indian airlines is currently allowed, but foreign airlines aren't allowed to ...

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