Foreign airlines are given the green light to invest (read: save) Indian carriers
Skift Take
There are huge opportunities for growth in the Indian market, but few foreign airlines have the financial fortitude to take on an ailing airline like Kingfisher, which had pushed for the ban’s removal.
There has been all-round cheer on the government’s decision to allow foreign airlines to invest up to 49 percent in Indian carriers this evening. Today’s move reversed a 1997 decision which had ba
