India's ban on foreign airlines investing in domestic carriers still stands, despite the collapse of the government in April. New prime minister Kumar Gujral has retained transport minister C M Ibrahim, architect of the foreign equity ban, while free marketeer P Chidambaram has resigned as finance minister. However, there is still hope for Singapore Airlines' proposed joint venture with Tata: analysts predict fresh elections, after which the policy may be reviewed.

 

 

 

Source: Airline Business

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