Allow stake in Indian carriers: Foreign airlines urge govt

Foreign airlines are showing a keen interest in buying stakes in Indian carriers, according to CNBC-TV18 sources.
As per current norms, the government allows a 49% foreign direct investment (FDI) in airlines but foreign airlines are not allowed to pick up stake. A Cabinet meeting on November 17 may consider re-visiting both rules.
Sources say international airlines like Virgin Atlantic, Emirates and Singapore Airlines and these companies have approached the Indian government urging it to change norms.
11/11/09 Moneycontrol.com

To Read the News in full at Source, Click the Headline

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