'Foreign airlines should invest in desi ones'

New Delhi: With financially-troubled Indian carriers like Air India and Kingfisher struggling to survive, the ministry for commerce and industry is favouring allowing foreign carriers to invest in desi ones.
Days after the department of industrial policy and promotion wrote to the aviation ministry on this count, commerce secretary Rahul Khullar has also favoured such a move. "In my personal view, foreign airlines should be allowed to invest in Indian carriers. We are in favour of general liberalization," Khullar said.
However, the aviation ministry is yet to decide given the pros and cons of the move. Also, the aviation industry is divided on this front with Mallya favouring FDI by foreign airlines, while others like Jet's Naresh Goyal sceptical of the threat of takeover of desi players by global biggies.
06/10/11 Times of India

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Categories: Foreign Oct 2011, Indian Aviation- In General Oct 2011