newstodate.aero
Jun 21, 2016 (newstodate): India's commercial air transport sector holds enormous potentials, but international participation in its development has so far been restrained by strict governmental control and red tape.
This is to change now, as the Indian government has surprisingly lifted the limitations on foreign direct investment in Indian airlines performing scheduled services.
As of now, FDI by non-airline bidders will be permitted to take up to 100 percent of the stake in an Indian airline.
Operating foreign airlines will still be allowed to take only up to 49 percent of the stake, but in effect this can be complemented by foreign investment funds that may take the remaining 51 percent, bringing an Indian carrier under full non-Indian control.
This is to change now, as the Indian government has surprisingly lifted the limitations on foreign direct investment in Indian airlines performing scheduled services.
As of now, FDI by non-airline bidders will be permitted to take up to 100 percent of the stake in an Indian airline.
Operating foreign airlines will still be allowed to take only up to 49 percent of the stake, but in effect this can be complemented by foreign investment funds that may take the remaining 51 percent, bringing an Indian carrier under full non-Indian control.