In a bid to bring in money and expertise to help its ailing aviation sector, India’s civil aviation ministry has proposed allowing international airlines to acquire stakes of up to 49% in the country’s airlines. “We all know the aviation industry is facing a lot of stress,” says Civil Aviation Minister Ajit Singh. “FDI [foreign direct investment] is one of the factors that will help the sector in this financial stress.” Currently, the government allows FDI of up to 49% in Indian ...
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