GOVERNMENT APPROVES FOLLOWING CHANGES IN FDI POLICY RELATED TO CIVIL AVIATION

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..... GOVERNMENT APPROVES FOLLOWING CHANGES IN FDI POLICY RELATED TO CIVIL AVIATION
News and Press Release
Dated:- 31-1-2008

The Government today has approved certain changes in the FDI permit .....

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..... ted in civil aviation activities. · FDI in Air Transport services would continue to be capped at 49% on the automatic route and 100% for Non-resident Indians (NRI), subject to no direct or indirect .....

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..... participation by foreign airlines. This segment would be reclassified as Domestic Scheduled Passenger Airline Sector. · FDI up to 74% may be permitted on the automatic route for Non Scheduled airlin .....

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..... es, Chartered airlines and Cargo airlines. No direct or indirect participation by foreign airlines would be allowed in non-scheduled airlines and chartered airlines. NRI investment would be allowed up .....

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..... to 100% on the automatic route. · FDI up to 74% may be permitted on the automatic route for Ground handling Services subject to sectoral regulations and security clearance. NRI investment would be a .....

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..... llowed up to 100% on the automatic route. FDI up to 100% may be permitted on the automatic route for Maintenance and Repair organizations; flying training institutes; technical training institution .....

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..... s; and helicopter services/seaplane services in the aviation sector requiring DGCA approval.
News - Press release - PIB .....

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