{"id":304022,"date":"2019-12-04T10:14:33","date_gmt":"2019-12-04T04:44:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304022"},"modified":"2019-12-04T10:46:13","modified_gmt":"2019-12-04T05:16:13","slug":"government-considers-easing-foreign-control-rule-to-aid-air-india-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-considers-easing-foreign-control-rule-to-aid-air-india-sale\/","title":{"rendered":"Government considers easing foreign control rule to aid Air India sale"},"content":{"rendered":"<p>Govt 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. <\/p>\n<p>At a meeting in early November, Department for Promotion of Industry and Internal Trade asked the aviation ministry if it would be feasible to change the so-called \u201csubstantial ownership and effective control\u201d clause, the person said, asking not to be identified as the details aren\u2019t public. <\/p>\n<p>The rule mandates that control of an airline always remain in Indian hands, one of several reasons global firms have been wary of bidding for Air India Ltd. Doing away with the \u201csubstantial ownership\u201d clause will enable an overseas stakeholder weigh in on major decisions of local airlines. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Govt 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, Department for Promotion of Industry and Internal Trade asked the aviation ministry if it would be feasible to change the so-called \u201csubstantial ownership and effective control\u201d clause, the person said, asking not to be identified as the details aren\u2019t public. The rule mandates that control of an airline always remain in Indian hands, one of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-304022","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=304022"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304022\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}