Although, in September, the Cabinet Committee on Economic Affairs had allowed foreign airlines to acquire stake of up to 49 per cent in domestic airlines, So far, no foreign airline has sought to invest in a domestic airline, Minister for Civil Aviation Ajit Singh has said as it is a long-term policy & Aviation is a very complicated business.
"The management and technical expertise that you get by tying up with another airline will help the Indian industry. Let us see what happens now,” the Minister said at the Economic Editor’s conference here.
He said that work on three new greenfield airports at Mopa in Goa, Navi Mumbai and Kannur in Kerala was expected to begin by the end of this financial year. Singh said the Government was also looking at new route dispersal guidelines that would give greater focus to tier-III and IV cities.
» Read Complete News.....(You need to login first to read complete news). New User? Register for FREE!
» Back to Travel News