there was no proposal to allow 74% FDI in domestic airlines. The bar on foreign airlines investing in domestic airlines would also stay. ET had reported, in its edition dated November 30, that FDI in air cargo, helicopter operations and ceiling of 49% FDI in the domestic airlines was not being fully met, indicating that there was no possibility of a review of this decision at the moment.
The areas. While Indian aviation is growing at impressive double-digit levels, the growth has mainly been witnessed at high-density metro routes, through increase in numbers of scheduled airlines. However, non-metro routes, which can be profitably served by smaller airlines and helicopters, has not shown similar cap for air cargo, helicopter operations and sea-planes will, however, come with a rider.
Though FDI in these sectors is allowed, no foreign airline companies can have a direct or indirect a stake in domestic Indian carriers. Even foreign in Indian carriers.
News RSS