Monday, December 5, 2011

Update on Proposed Changes to India's Foreign Ownership Rules

In our Nov. 16 post we linked to a report that the Indian government was considering loosening restrictions on foreign ownership of airlines. A new report today provides a few more details on the changes that now appear likely. See, Anand Katti and Madhura Katti, India Seeks U.S. Investment to Boost Aviation Sector, Aviation International News Online, Dec. 5, 2011 (available here). According to the article, the government intends to allow foreign carriers to invest in Indian carriers, and is debating whether the permitted level of investment should be capped at 24 or 26 percent. More significantly, the report suggests the government may permit foreign investors unaffiliated with foreign airlines to take a majority ownership share, a rarity in international aviation.

http://lawprofessors.typepad.com/aviation/2011/12/update-on-proposed-changes-to-indias-foreign-ownership-rules-.html

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