Foreign control of airlines mulled to push Air India sale

New Delhi: The government is considering amending a rule to allow overseas control of local airlines, according to a person familiar with the matter, which may help its indebted national carrier lure a foreign suitor after multiple failed attempts for a sale.

At a meeting in early November, the Department for Promotion of Industry and Internal Trade (DPIIT) asked the aviation ministry if it would be feasible to change the so-called “substantial ownership and effective control” clause, the person said, asking not to be identified as the details aren’t public yet.