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Air Arabia in no hurry to pick up stakes in domestic airlines

Sharjah-based low-cost carrier Air Arabia has said it will not rush to invest in the troubled Indian airline sector.

Submit foreign operation plans by Aug-end: Min to airlines

The ministry's move comes in the wake of aggressive expansion carried out so far by foreign carriers, especially those from the Middle East.

RBI says airline sector to continue facing funds crunch

The bleeding domestic aviation sector is likely to continue facing funding crunch and could also be affected by prevalent policy uncertainties, the Financial Stability Report released by the Reserve Bank said on Thursday.