Overseas airlines allowed to buy in India

24th Apr 2006

The government is open to the idea of changing its present policy and allowing foreign airlines to pick up a stake in domestic carriers, but not right away. “As of now, foreign airlines cannot pick up a stake in domestic airlines. But government policies evolve with the changing scenario and this could happen when the government feels the necessity. At this stage, the present policy is sufficient to take care of the needs of the Indian airlines,” Civil Aviation Minister Praful Patel said here on Friday.



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