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The Union Cabinet allowed foreign airlines to invest up to 49% under the approval route in Air India

12-Jan-2018 in Current Affairs > National
  • The Union Cabinet allowed foreign airlines to invest up to 49% under the approval route in Air India. (subjected to the conditions)
  • As per the present policy, foreign airlines are allowed to invest under the government approval route in the capital of Indian companies operating scheduled and non-scheduled air transport services, up to the limit of 49% of their paid-up capital.However, this provision was not applicable to Air India.
  • Therefore government decided to include Air India in this norms by allowing foreign airlines to invest up to 49 %  under the approval route in Air India.

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