The Indian government is expected this week to clear direct investment in Indian airlines by foreign carriers. The Times of India and other media outlets reported that the approval is likely to come at a cabinet meeting Thursday. Struggling Indian carriers, such as Kingfisher Airlines (ATW Daily News, April 3), have said that foreign airline capital would provide a much-needed boost to the industry. Civil aviation minister Ajit Singh earlier this year expressed his support for a ...

Subscribe to Access this Entire Article

"India expected to approve 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.