Foreign airlines can own up to 49% stake in Air India

The government allowed foreign airlines to own up to 49 per cent stake in national carrier Air India at a time when the process for strategic disinvestment of the debt-laden airline is on.

The move would pave the way for Indian players such as Tatas to join hands with foreign entities in bidding for Air India.

While allowing foreign investors, including overseas airlines, to have stake in Air India, the government has also made it clear that the national carrier’s substantial ownership and effective control would remain with an Indian national.

A group of ministers is in the process of finalising the contours for the proposed strategic stake sale in the national carrier and expression of interest is likely to be invited from bidders soon.


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