DGCA re-iterates FDI without control

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By TESTCustomwebLP TESTCustomwebLP April 16, 2014 20:39

DGCA re-iterates FDI without control

The Indian directorate general of civil aviation (DGCA) has re-iterated that foreign investors will not have the right to control an Indian airline. The new ruling affects AirAsia, SIA and Etihad. So the question now for all is this: What constitutes control of an Indian airline and where is the line in the sand drawn. Will the likes of Etihad, AirAsia and SIA be given the control they require if they form Indian umbrella companies? This is a significant story that requires far more clarification from regulators and more investigation by airlines investing in Indian carriers.

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By TESTCustomwebLP TESTCustomwebLP April 16, 2014 20:39
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