Jet Airways, Kingfisher, SpiceJet under pressure as FDI hopes fade

New Delhi: Jet Airways, SpiceJet and Kingfisher slipped over 2 per cent in early trade on Thursday after West Bengal chief minister and Trinamool Congress chief Mamata Banerjee on Wednesday stalled a discussion on the long-pending decision to allow FDI in aviation.
"There were expectations that Banerjee would back the proposal to allow foreign airlines to buy up to 49% equity in Indian carriers," ET reported. Currently, foreign investors can own up to 49% stake in Indian carriers, but only if they are not in the airline business.
23/08/12 Economic Times

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Categories: Foreign Aug 2012, Jet Airways Aug 2012, Kingfisher Aug 2012, spicejet Aug 2012