Jet, Kingfisher to be allowed 26% foreign ownership

DIPP moved a new draft note allowing 26% Foreign stake purchase for Foreign airlines to participate in the India Aviation story. Large aircraft order s have been canceled because the sector’s debt woes have continued for over 2 years since first recognised a s priority, KFA close to bankruptcy with Jet only one to post profits in a couple of quarters in the period. 

Multi brand retail FDI opening up has been postponed

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