India may relax foreign investment rules for airlines

02/12/2009 | Wall Street Journal, The

India has joined the list of countries debating lower barriers for foreign carriers seeking to invest in domestic airlines. "The government will decide very soon on allowing foreign airlines to buy stakes in domestic carriers," an official said Wednesday. Facing steep losses, Indian airlines have been lobbying for months to change current laws, which bar any overseas airline from investing directly or indirectly in an Indian carrier.

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