FDI, no panacea for aviation woes

If the Manmohan Singh Cabinet approves the proposal to allow foreign airlines to pick up 49 per cent stake in domestic airlines, it will perhaps be the second biggest game-changer after the Government opened up the civil aviation sector in the early nineties. It wasn't a mere 24 per cent or even 26 per cent stake — the Civil Aviation Ministry gave its approval to allow a foreign airline to pick up nearly half of the total stake in a domestic carrier.

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