Foreign airlines won’t be able to bid for over 49% of Air India

New Delhi: Foreign airlines will be allowed to invest only up to 49
per cent in Air India and they won’t get complete operational
control as the Centre has rejected a plan to ease the Substantial
Ownership and Effective Control (SOEC) clause. The government has
decided to divest its entire stake in Air India and its no-frill
subsidiary Air India Express. “There was a proposal to relax the
SOEC
Source: FS – Aviation
Foreign airlines won’t be able to bid for over 49% of Air India



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