New Delhi: The fund-starved Indian airline industry — which recently witnessed the grounding of Kingfisher apart from the closure of Paramount and MDLR — could now get life-saving money and management of foreign airlines. The Jet-Etihad deal was being seen as a test case by foreign airlines which are eying stake purchase in SpiceJet and GoAir (IndiGo has so far not shown any interest) and they may now quickly announce their deals in coming days.
Aviation ministry sources say the Foreign Investment Promotion Board's nod for the Jet-Etihad deal may push the home ministry to expedite the security clearance for the proposed airline from the AirAsia-Tata joint venture.
For flyers, this would mean well-funded airlines competing among themselves to woo them. This, in turn, will mean lower fares and more choices.
30/07/13 Times of India
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Aviation ministry sources say the Foreign Investment Promotion Board's nod for the Jet-Etihad deal may push the home ministry to expedite the security clearance for the proposed airline from the AirAsia-Tata joint venture.
For flyers, this would mean well-funded airlines competing among themselves to woo them. This, in turn, will mean lower fares and more choices.
30/07/13 Times of India
