Air India must continue to be majority owned by Indian nationals and the board must be made up of 60% Indians, according to reports covering the attempted privatisation of the carrier,
The government has rejected a plan which would have allowed dilution of ownership: it can be no more than 49% foreign-owned and the carrier’s headquarters must remain in India.
CH Aviation quotes an official in the Economic Times: “Airlines have shown …
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Source: The Loadstar
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