As part of a dramatic overall liberalisation, the Indian government will allow 100% foreign direct investment in domestic airlines. At present the limit is 49%. However, the caveat is that the 49% is automatic approval while the 100% is automatic for non-resident Indians (NRIs) and with government approval for others. Foreign airlines remain limited investing 49% in Indian companies operating …Read More »
Tag Archives: investment
Earlier today, Japanese full service carrier All Nippon Airways announced a $25 million investment in Myanmar-based Asian Wings Airways (AWA). Find out more details below. 27th August 2013 Tokyo August 27, 2013 – The ANA Group, Japan’s largest airline group, today announces that itwill acquire a 49 per cent stake in the Myanmar-based airline Asian Wings Airways (AWA). ANAGroup will …Read More »
Jetihad is born. Etihad buys 24% stake in Jet Airways for $379 million. To inject additional $220 million.
Etihad Airways to inject additional $220 million in to Jet Airways by Devesh Agarwal We are reproducing the official release. Our analysis of this transaction will follow next week. Jet Airways and Etihad Airways at a glance Highlights Strategic investment under FDI policy of the Government of India will deliver wide-ranging revenue growth and cost synergy opportunities for both …Read More »