India has approved a long-pending policy reform allowing foreign airlines to buy stakes of up to 49% in the country’s local carriers. Though Foreign Direct Investment (FDI) was previously allowed in the aviation sector, foreign airlines were prohibited from investing in Indian carriers, says Civil Aviation Minister Ajit Singh. “Until now, foreign airlines were allowed to participate in the equity of companies operating cargo airlines, helicopter and seaplane services, but not in the ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "India Finally Allows Foreign Airlines To Invest In Domestic Operators".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.