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How will the governments proposal to allow foreign airlines a stake in domestic carriers help Indian airlines?

April 26, 2017Airlines carriers domestic foreign government help indian proposal stake

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How will the governments proposal to allow foreign airlines a stake in domestic carriers help Indian airlines?

1 Answer

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10 Posted

We welcome the government’s proposal to make it easier for foreign airlines to invest in India. However, we are not looking at equity dilution. We might talk to an airline about a strategic alliance, if an opportunity presents itself in future. We have cash in the bank and we are running almost a cash neutral business right now.