Millennium Post

Govt working on 'appropriate policies' for 100% FDI in airline

Union Minister Jayant Sinha on Wednesday said the government is working on "appropriate policies" related to 100 per cent FDI in airlines, amid local carriers opposing the move.

The Minister of State for Civil Aviation also said the Ministry has not yet received any formal application from any airline with respect to 100 per cent FDI.

His remarks come against the backdrop of Qatar Airways recently announcing its plans to set up an airline in India after the Indian government allowed 100 per cent foreign direct investment in the airlines segment last year.

The Federation of Indian Airlines (FIA) -- comprising Jet Airways, SpiceJet, IndiGo and GoAir -- have been vociferous about their opposition to foreign entities being allowed to invest in local carriers.

"There are various opinion on this matter of 100 per cent FDI. We are considering what the Indian airlines through FIA are saying.
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