INDIA: India Foreign Direct Investment in Airlines likely to be Ruled Out

Tuesday May 1 2012

It has been reported that the Indian Government is to go back on its promise to allow India foreign direct investment (FDI) in the country’s airlines; thought to be a result of the ever increasing costs of fuel, ticket pricing and the current unreliability of the airline industry.

The report comes at a time in which Indian airlines are making large financial losses and India FDI could be the get out clause that many need to remain financial stability.

This information will be updated as more details become available