New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia has said interministerial differences would be sorted out paving the way for Tatas to set up airline company in collaboration with Malaysian budget carrier AirAsia.
"I don't know what the detailed differences are. I am sure they will be sorted out. If Tatas and an international airline want to set up an Indian airlines as long as the international fellows (hold up to) 49%, they should be allowed to do so," Ahluwalia told reporters here.
"In my view, if Tatas want to set up a company to run an airline within that 49%limit, the intention of policy as far as I know, is quite clearly that they should be allowed to do it," he added.
The Foreign Investment Promotion Board (FIPB) on March 6 cleared the Malaysian budget carrier AirAsia's bid to launch an airline in India by joining hands with Tata Sons.
12/03/13 Economic Times
