FDI in Airlines .

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....DI in Airlines . <br>News and Press Release<br>Dated:- 3-9-2012<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 03-September-2012 15:31 IST FDI in Airlines As per extant FDI policy, as contained in paragraph 6.2.9 of 'Circular 1 of 2012 - Consolidated FDI Policy', FDI is permitted in Air Transport Services, including Domestic Scheduled Passenger Airlines....

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...., Non-Scheduled Air Transport Services, helicopter and seaplane services, subject to the following conditions: No foreign airlines would be allowed to participate directly or indirectly in the equity of an Air Transport Undertaking engaged in operating Scheduled and Non-Scheduled Air Transport Services except Cargo airlines. Foreign airlines are allowed to participate in the equity of companies ....

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....operating Cargo airlines, helicopter and seaplane services. The level of FDI permitted in the aforesaid activities under Air Transport Services is as follows: Sector/Activity % of FDI Cap/ Equity Entry Route (1) Scheduled Air Transport Services/ Domestic Scheduled Passenger Airlines 49% FDI (100% for NRIs) Automatic (2) Non-Scheduled Air Transport Services 74% FDI (100% for NRIs) Auto....

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....matic up to 49% Government route beyond 49% and up to 74% (3) Helicopter services/ seaplane services requiring DGCA approval 100% Automatic The Foreign Investment Promotion Board (FIPB) has issued approval dated 2.12.2008 to M/s Spicejet Ltd., New Delhi, to receive foreign investment from M/s GS Investment Partners (Mauritius) I Limited and/ or GS Investment Partners (Mauritius) II Limited, b....

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....oth owned by M/s Goldman Sachs Investment Partners Masters Fund, L.P. This information was given by Minister of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply to a question raised in the Lok Sabha today. DS/GK<BR> News - Press release - PIB....