FDI may fly up to 74% in airline sub-sectors

New Delhi: The government is planning to raise the foreign direct investment (FDI) limit to 74% for non-scheduled airline operations, helicopter services and regional airlines using small aircraft. The current FDI ceiling for airline services is 49%.
The proposal for hike in FDI limit in these sub-sectors, mooted by civil aviation minister Praful Patel, is to catalyse growth in these key areas, a government official said. However, FDI in domestic airlines will be retained at the existing level of 49%. The move involves ushering in a different FDI ceiling for these sub-sectors while retaining the limit for the chunk of domestic scheduled operators at the current level.
30/11/06 Sunny Verma/Economic Times

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