Indian Civil Aviation Minister Praful Patel said the government will invite private investment in state-owned Air-India and Indian Airlines but does not intend to privatize more than a 20% ownership. India's state-owned carriers have been starved for investment for many years, subjected to bureaucratic meddling, and face increasing competition from a wave of new entrants. "The two airlines need more financial muscle and more equity. We cannot just do with the equity injected by the ...

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