Foreign Airlines

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Foreign Airlines - Total results - 5
India eyes $100-bn FDI in next two years; special industrial clusters being created abroad
Business

India eyes $100-bn FDI in next two years; special industrial clusters being created abroad

The sectors that received maximum FDI during 2018 include services, computer hardware and software, construction development, trading, automobile, pharmaceuticals, chemicals, and power

Air India privatisation: Cabinet allows foreign airlines to buy up to 49% stake in national carrier
Business

Air India privatisation: Cabinet allows foreign airlines to buy up to 49% stake in national carrier

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
Business

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

India to examine if foreign airlines can fully own local carriers through investment partners
Business

India to examine if foreign airlines can fully own local carriers through investment partners

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.

SpiceJet may lease replacement fleet to avoid stressing balance sheet
Business

SpiceJet may lease replacement fleet to avoid stressing balance sheet

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.