Centre examining FDI in aviation sector

New Delhi: The government on Thursday said it is examining a proposal to allow foreign airlines to invest in domestic airlines as well as state-owned Air India.
In a written reply in Lok Sabha, Minister of State for Civil Aviation Praful Patel said, "The proposal to allow foreign airlines to invest in domestic airlines is under examination."
He was replying to a question whether the government is considering a proposal to allow Foreign Direct Investment (FDI) in domestic airlines, including public sector Air India.
Asked if Air India has opposed such a move, he said, "No such representation has been received from the Air India on change in FDI policy."
Meanwhile, in a separate question Patel said the Board of Airports Authority of India (AAI) has approved 'in principle' AAI's proposed VRS for employees of IGI Airport, Delhi and CSI Airport, Mumbai.
He said the Voluntary Retirement Scheme (VRS) is to be partly financed by the Joint Venture companies operating the Delhi and Mumbai airports.
19/02/09 PTI/The Hindu

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Categories: Foreign Feb 2009, Indian Aviation- In General Feb 2009