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 ...
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