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HindustanTimes Fri,29 Aug 2014

Airline FDI on the table: Ajit Singh

HT Correspondent, Hindustan Times   July 17, 2012
First Published: 21:48 IST(17/7/2012) | Last Updated: 21:49 IST(17/7/2012)

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.

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“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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