IndiGo & SpiceJet raise red flag over FDI norms in aviation

New Delhi, January 5
IndiGo and SpiceJet have raised ‘security’ concerns over the Government’s decision to allow 100 per cent foreign ownership by non-airline players in the Indian carriers. Spicejet CMD Ajay Singh and IndiGo President Aditya Ghosh have recently raised this issue during their meeting with Commerce and Industry Minister Nirmala Sitharaman. During the meeting, the two airlines said aviation is a ‘sensitive sector’ and the FDI policy relaxation would have ‘security implications’, according to sources. Spokespersons of IndiGo and SpiceJet could not be immediately reached for comments. The meeting also assumes significance as the Government is considering removal of an anomaly restricting foreign direct investment (FDI) in the civil
aviation sector.

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