Indian government appears to be softening its stance on foreign direct investment in the country's airlines as they contend with large losses and overcapacity. Civil Aviation Minister Prafel Patel told reporters this week that "there is a more reasonable case now than there was 3-4 years ago" to allow foreign carriers to acquire up to 25% of an Indian carrier. Kingfisher Airlines has been a strong proponent of investment liberalization (ATWOnline, Nov. 18, 2008). "There is no clarity on the ...

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