https://www.taxtmi.com/notifications?id=119786 Revision to foreign investment policy for Air Transport Services sets sectoral ceilings and entry routes: scheduled and regional passenger airlines have a capped foreign equity limit while non-scheduled, helicopter and seaplane services are permitted full foreign investment on the automatic route, with an NRI dispensation noted. Foreign airlines may invest in cargo, helicopter and seaplane operators within limits and may invest in scheduled and non-scheduled operators up to the ceiling under the government approval route; that ceiling subsumes other foreign investments and is subject to SEBI compliance. Scheduled Operator's Permit and security, ownership, director nationality, and equipment clearance conditions apply; policy excludes Air India Limited. en-us Fri, 25 Nov 2016 00:00:00 +0530 Mon, 28 Nov 2016 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119786 Revision to foreign investment policy for Air Transport Services sets sectoral ceilings and entry routes: scheduled and regional passenger airlines have a capped foreign equity limit while non-scheduled, helicopter and seaplane services are permitted full foreign investment on the automatic route, with an NRI dispensation noted. Foreign airlines may invest in cargo, helicopter and seaplane operators within limits and may invest in scheduled and non-scheduled operators up to the ceiling under the government approval route; that ceiling subsumes other foreign investments and is subject to SEBI compliance. Scheduled Operator's Permit and security, ownership, director nationality, and equipment clearance conditions apply; policy excludes Air India Limited. Notifications FEMA Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119786