Coming, not coming, coming, not! Finally, airlines in India are going to get the lifeline they were hoping for a long time. The Government of India finally took the measure to allow Indian scheduled carriers (Air India, Jet Airways, Kingfisher Airlines, GoAir, Indigo, SpiceJet) to seek foreign equity infusion upto 49% of their equity capital from foreign airlines. Here is what the presser from the Government of India says: The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy and Promotion for permitting foreign airlines to make foreign investment, up to 49 percent in scheduled and non-scheduled air transport services. Removing the existing restriction on investment by foreign airlines would assist in bringing in…
Policy
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