Foreign airlines may be allowed to buy into domestic carriers

New Delhi: The Government is open to the idea of changing its present policy and allowing foreign airlines to pick stake in domestic carriers, but not rightaway.
"As of now, foreign airlines cannot pick up 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 today.
Foreign investment up to 49 per cent is now allowed in the aviation sector and in domestic carriers, though not by foreign airlines.
21/04/06 PTI/The Hindu

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