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31-Jan-2011 10:39 AM

Kingfisher expects Government to open domestic market to foreign carriers

Kingfisher Airlines stated it expects the Indian Government to open the domestic market to foreign carriers stating: "FDI (foreign direct investment) policy is expected to allow foreign airlines to take equity stakes in domestic carriers in the near future" (Reuters, 28-Jan-2011). The Ministry of Civil Aviation has moved a proposal in 2009 to allow foreign airlines to acquire 25% equity in local airlines.

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