SpiceJet, Jet Airways, Kingfisher fly high on FDI hopes

New Delhi: SpiceJet, Kingfisher Airlines and Jet Airways surged over 3 per cent each on Wednesday on reports the government will make one more attempt to allow foreign airlines to buy stake in India carriers.
"The Union Cabinet could, as early as this week, take up a proposal to allow 49 per cent FDI by foreign carriers such as Emirates and British Airways," ET reported.
The current policy allows up to 49% FDI in airlines, but foreign carriers are not allowed to invest, keeping out the investors who would be most interested.
12/09/12 Economic Times

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Categories: Jet Airways Sep 2012, Kingfisher Sep 2012, spicejet Sep 2012