Loading
12-Dec-2011 11:16 AM

India's Civil Aviation Ministry agrees to 26% FDI in private airlines: report

India's Civil Aviation Ministry has reportedly agreed to the proposal allowing foreign carriers to acquire a 26% stake in private airlines. According to a PTI report, the Ministry had previously proposed a 24% cap on foreign direct investment (FDI) by international airlines. The Department of Industrial Policy and Promotion (DIPP) proposed the 26% limit. The Home Ministry and the Planning Commission have already supported the draft Cabinet note in this regard.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More