Tag Archives: Cabinet

In a bid to attract more bids, the Union Cabinet of the Government of India, has allowed up to 49% Foreign Direct Investment in the national carrier Air India which is up for disinvestment. In a release the Government said “It has now been decided to do away with this restriction and allow foreign airlines to invest up to 49% …

The Indian Union cabinet has approved the new civil aviation policy (NCAP). The press release from the Press Information Bureau (PIB) says it all. While the NCAP is definitely a step in the right direction, we will be sharing our analysis in the days to come after we glean the details. For now, Vistara, the joint venture of Tatas and …

by Devesh Agarwal On Tuesday, beleaguered Indian carrier, Jet Airways cleared its final hurdle in its $397 million quest to sell a 24% stake to Abu Dhabi based Etihad Airways PJSC, when the Competition Commission of India (CCI), cleared the deal paving the way for the Naresh Goyal promoted Jet to receive desperately needed cash from the deal. The Union …

by Devesh Agarwal The 24% stake sale by India’s Jet Airways to Abu Dhabi’s Etihad Airways has been finally cleared by India’s Foreign Investment Promotion Board (FIPB), albeit with conditions, after the share holder agreement (SHA) was changed to incorporate the apprehensions of the government of India. One of the conditions imposed by the FIBP requires prior Government approval before …