DELHI
With a view to ensure control of domestic airlines does not slip into the hands of foreign airlines and investors, the Directorate General of Civil Aviation (DGCA) on Friday, amended the minimum requirements for issuing an scheduled air operator’s permit.
The changes, part of the Civil Aviation Requirements ( CAR), were put up by the DGCA on its website, late on Friday evening. The amendments now clearly stated that a foreign investing institution or foreign airline cannot have more than one-third representation on the board of directors of an Indian carrier.
Jet Airways and Etihad easily satisfy the requirement as the Abu Dhabi-based airline has two members on board which will have 12 members including four nominees from Jet Airways and six independent members. However, the two ventures involving Tata Sons would need to keep the representation of foreign airlines at the current levels or expand the overall board size.
Full report here Economic Times
