No good reason why foreigners should not be allowed to own more than 49% of a domestic airline. The entire FDI policy has been tailored to protect / suit dominant local firms. For a long time, Shri Naresh Goyal was the author of civili aviation policy. Blocked Tatas for a while. One does not know if failing businesses reflect on the government, per se, but if Jet is in difficulty, it is not SBI’s job, after getting a few phone calls, to rescue it.
If it would have been AMBANI or ADANI GROUP FENKU Should have vaved their debts long ago.
No good reason why foreigners should not be allowed to own more than 49% of a domestic airline. The entire FDI policy has been tailored to protect / suit dominant local firms. For a long time, Shri Naresh Goyal was the author of civili aviation policy. Blocked Tatas for a while. One does not know if failing businesses reflect on the government, per se, but if Jet is in difficulty, it is not SBI’s job, after getting a few phone calls, to rescue it.