An Indian FDI reform which has opened doors for foreign investment, especially aviation sector, has to be enjoyed by another the largest carrier in Southeast Asia, Air Asia. Read more
Tag: SpiceJet
Govt. allows 49% stake in Domestic carriers by Foreign Airlines
Decision to allow international carriers to invest up to 49% in domestic airlines has been approved except saying ‘yes’ by cabinet.
This step would really sort out the cash flow management related problems in Indian aviation sector that are at present a big headache for Indian airlines like Kingfisher and Go Air.
After attending a meeting with Pranabh Mukhrjee, the Civil Aviation Minister Ajit Singh informed to Media, “49% FDI is already there.
The question was to allow foreign airlines to participate in FDI. I discussed the matter with the finance minister and he agreed. We will move a note for the cabinet now.” Read more
