The Cabinet yesterday deferred a decision to allow foreign airlines to buy stakes in Indian carriers and may take up the issue next week, Ajit Singh,
Union Minister for Civil Aviation, said. Shares in carriers reversed their early gains after the news. Kingfisher shares were down 2.52 per cent, Jet Airways fell 2.78 per cent and SpiceJet dropped 1.90 per cent, according to a report by The Financial Express.
Click here to see the original article>Union Minister for Civil Aviation, said. Shares in carriers reversed their early gains after the news. Kingfisher shares were down 2.52 per cent, Jet Airways fell 2.78 per cent and SpiceJet dropped 1.90 per cent, according to a report by The Financial Express.