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Monday, September 17, 2012

FDI in aviation


Cabinet approves proposal to allow foreign airlines to buy upto 49% in local airline cos Alert: Earlier only foreign investors allowed to invest in local airline cos Would help bringing in strategic investors into aviation sector MAJOR BENEFICIARY: Spicejet is major beneficiary of FDI aviation Spicejet does not need money but a partner Alert: Spicejet's debt stands at Rs 700 cr