FDI in aviation: Why foreign airlines are still wary of India

Just because foreign airlines may soon be allowed to invest in India’s battered carriers doesn’t mean they will. New Delhi’s expected move to allow global airlines to own up to 49 percent in Indian carriers has been welcomed by investors as a potential lifeline for an industry mired in $20 billion of debt and on course to rack up $3 billion in annual losses.

Read Full Story>>