Foreign Airlines News
A total of 60 foreign airlines of 40 countries including Mauritius, Malaysia, Thailand, Turkey, the United States of America, Iraq and others have been given the approval to operate 1783 frequencies to/from India during Summer Schedule 2022
The sectors that received maximum FDI during 2018 include services, computer hardware and software, construction development, trading, automobile, pharmaceuticals, chemicals, and power
A ministerial group, Air India-specific Alternative Mechanism, headed by Finance Minister Arun Jaitley is looking into the modalities to divest loss-making airline
Flying may get expensive: Domestic airline cos to increase air fares as GST to pinch cost of operations
The government will levy tax on any import of spare components by airline companies under GST, which is not taxable under the current regime
Under current rules, foreign airlines are still restricted to holding a maximum stake of 49 percent in Indian carriers, but other foreign investors may own up to 100 percent.
As it continues to negotiate with potential strategic investors for bringing in much needed funds to meet its working capital, it would do well to avoid stressing its balance sheet.