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HT Correspondent, Hindustan Times
July 17, 2012
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.