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Saturday, March 1, 2008

Rotorcraft Report: India Clears All-Foreign Stake in Helo Ops

COMMERCIAL

India’s government will now allow foreign investors to own 100 percent of the stock in helicopter operators in that nation.

The Indian Cabinet’s Jan. 31 action also including eliminating a cap on foreign direct investment in maintenance organizations and flight schools. Foreign investors had been limited to 49 percent of such operations.

The changes are expected to spur major foreign investments in those operations in India and, consequently, growth of the helicopter, maintenance, and flight training sectors there.

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