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."
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 ...
Subscribe to Access this Entire Article
"India's civil aviation minister supports foreign airline investment" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
