Latest News – The central government has not received any application from foreign airlines to start a domestic passenger carrier through the 100 per cent FDI (Foreign Direct Investment) route, Minister of State for Civil Aviation Jayant Sinha said on Wednesday.
The minister gave the information in reply to a question raised about Qatar Airways’ plan to start a fully owned domestic passenger carrier in partnership with an institutional investor on the sidelines of an industry event here.
Earlier, Qatar Airways had said that its plan to set up an airline in India along with Qatar’s sovereign wealth fund.
Under the current rules a foreign airline can only invest up to 49 per cent in domestic airline. However, in partnership with an institutional investor, the foreign airline can invest and set up a 100 per cent owned domestic passenger carrier.
The minister elaborated that the (Read More)