There may soon be a revolution in the Indian skies. It is learnt that the Civil Aviation Ministry is all set to give its nod for up to 24% foreign direct investment (FDI) in domestic carriers, reports Swati Khandelwal Jain of CNBC-TV18 quoting sources.
It is learnt that the Civil Aviation Ministry has indeed given an in-principle approval to allow foreign airline companies to pick upto 24% stake in domestic carriers. As per current aviation norms, FDI in aviation is allowed up to 24%, but it is for companies, other than airline companies. This hasnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
