GoM meeting on ATF import, FDI in aviation, Air India on Thursday

New Delhi: In a bid to safeguard interests of ailing aviation sector, a Group of Minister will meet later this week to give final touches on allowing investments in Indian carriers by foreign airlines, direct import of jet fuel by Indian carriers and Air India's financial restructuring plan.
The GoM meet on Thursday may also decide on the investment cap by foreign airlines in buying equity in Indian carriers, official sources said.
The GoM is also likely to take a decision on allowing Indian airlines directly import aviation turbine fuel to get some breather from the high sales tax regime imposed by state governments.
During the meeting, cash-strapped Air India's financial restructing plan (FRP) and turnaround plan (TAP) would come up for a review and a decision on injecting additional equity into the national carrier is likely to be taken.
05/02/12 PTI/Economic Times

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

Categories: Indian Aviation- In General Feb 2012