India allows 49% foreign investment in state-run airline
AFP
| 2018/01/10 | 239 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Foreign airlines will be able to buy up to 49 percent of Air India under new rules approved by the government on Wednesday to boost the debt-laden flag carrier.Once the country's monopoly airline, Air India has slowly lost market share to new low-cost private players in one of the world's fastest-growing airline markets.The government said last June it was open to selling a stake in the state-owned airline, which has developed a reputation for delays, cancellations and poor service.On Wednes...(…)
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