Friday, March 27, 2015
, Hindustan Times
July 17, 2012
First Published: 21:48 IST(17/7/2012)
Last Updated: 21:49 IST(17/7/2012)
Airline FDI on the table: Ajit Singh
The government is looking at allowing foreign airlines to invest in domestic carriers but there would be no change in the foreign direct investment (FDI) cap of 49%, civil aviation Minister Ajit Singh said on Tuesday. “FDI is allowed in airlines up to 49%,” said Singh. “We are not changing that 49%,” Singh said after a meeting of the consultative committee of his ministry, and a separate interaction with players of aerospace industry.
“We are trying to see if other airlines are also allowed to participate (in the FDI),” he added.
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