Aviation FDI: Govt open to tweaking?
Agencies: New Delhi, Nov 18 2012, 18:28 IST
2000 and April 2012 was merely USD 434.75 million, which was 0.25 per cent of the total FDI inflows into the country.
In response to questions on the issue, industry sources said it would have to be seen how many airlines were willing to give up ownership rights if 51 per cent stake was offered to foreign investors.
They said the impact of such a move on the ownership pattern could also affect the recognition of an airline as a 'designated' Indian carrier, which is an essential requirement for foreign operations under the bilateral air services agreements.
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