Private airlines welcome government's move on allowing FDI in aviation

Mumbai: Private airline companies today welcomed the much-awaited policy change ushering in foreign direct investment by overseas carriers, saying the policy will give a big boost to the ailing sector.
"The FDI in airlines will open up a wide range of opportunities for both domestic as well as foreign carriers which wish to participate in the strong growth potential for civil aviation in our country," Vijay Mallya-owned Kingfisher Airlines said in a statement here.
Expressing hope that the move will enable the carrier to re-engage with prospective investors in a more meaningful manner, it said the government decision would help the airline recapitalise and ramp up its operations.
14/09/12 PTI/Economic Times

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Categories: Foreign Sep 2012, New Sep 2012