Bloomberg.com, 23 Jan 2009, Vipin V. Nair
Jan. 23 (Bloomberg) -- Singapore Airlines Ltd., Virgin Atlantic Airways Ltd. and other carriers may win the right to buy into Indian airlines as the world's second-fastest-growing major economy plans to scrap investment restrictions.
India's government is considering allowing overseas airlines to own stakes in local carriers, Civil Aviation Minister Praful Patel told reporters on Jan. 14. That would reverse a more than a decade-old rule that banned them from owning shares of domestic carriers.
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