New Delhi: The year 2013 will provide a good setting for domestic airlines to look at reviving their fortunes and improving their image, nationally and internationally.
This follows the Central Government changing the rules in 2012 and allowing foreign airlines to invest in domestic carriers. The move could not have come at a better time, as most Indian banks are reluctant to invest in domestic airlines.
Already, at least three Indian carriers – Jet Airways, Kingfisher and low-cost airline SpiceJet – are said to be in stake sale talks with various foreign carriers. There are indications that Jet Airways could be the first off the blocks.
In another positive move this year, the Government decided to become liberal in granting permission to Indian carriers to fly abroad.
27/12/12 Business Line