Big names like Virgin Atlantic have urged Indian govt to change FDI norms.
New Delhi: Foreign airlines are showing a keen interest in buying stakes in Indian carriers, according to CNN-IBN sources.
As per current norms, the government allows a 49 per cent foreign direct investment (FDI) in airlines but foreign airlines are not allowed to pick up stake. A Cabinet meeting on November 17 may consider re-visiting both rules.
Sources say international airlines like Virgin Atlantic, Emirates and Singapore Airlines and these companies have approached the Indian government urging it to change norms.
Foreign airlines say they do not see any security issue if the aviation sector is opened up for them.
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