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Foreign airlines on 'wait-and-watch' mode on aviation FDI

Last Updated: Sunday, September 23, 2012, 11:03

Major foreign airlines seem to have adopted a wait-and-watch approach over the government's decision to allow them to pick up 49 percent stake in Indian carriers, even though the government says the mood in the industry was upbeat.

49% FDI in civil aviation allowed; industry welcomes

Last Updated: Friday, September 14, 2012, 08:45

Foreign airlines can now pick up 49 percent stake in India's domestic carriers, a step that is expected to give a boost to cash-strapped aviation industry.

Government to decide on FDI in aviation Friday

Last Updated: Thursday, September 13, 2012, 14:23

The government is expected to take a decision on Friday on the issue of allowing foreign airlines to buy up to 49 percent stake in cash-starved Indian carriers.