{"id":304046,"date":"2019-12-04T11:10:40","date_gmt":"2019-12-04T05:40:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304046"},"modified":"2019-12-04T11:10:40","modified_gmt":"2019-12-04T05:40:40","slug":"to-aid-air-india-sale-govt-may-allow-foreign-firms-to-take-control-of-business-decisions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/to-aid-air-india-sale-govt-may-allow-foreign-firms-to-take-control-of-business-decisions\/","title":{"rendered":"To aid Air India sale, govt may allow foreign firms to take control of business decisions"},"content":{"rendered":"<p>India 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, India\u2019s 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&#8221; 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India 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, India\u2019s 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&#8221; 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 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-304046","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304046","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=304046"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304046\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}