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International airlines will be allowed to invest in Indian carriers

New Delhi, India - The proposal is being evaluated by New Delhi's government

Despite the firm opposition of the airline Jet Airways, the Indian government might soon issue a law that would allow foreign airlines to take over up to 49% share into the Indian carriers, as reported today by the web site "Indian Express". Currently the law allows foreign investors to perform similar actions, but not air operators. The move might give some breath to the Indian aviation sector,...

AVIONEWS - World Aeronautical Press Agency - 1111024

AVIONEWS - World Aeronautical Press Agency