Struggling Indian airlines line up foreign investment

photo

Photo  / 4

People look at a Jet Airways aircraft preparing to take off from the airport in Mumbai in this September 13, 2009 file photo. Loss-making carriers Jet Airways and SpiceJet are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd, respectively, to sell minority stakes, a government source said. Any deal would be the first since India changed its rules in September 2012 to allow foreign carriers to buy stakes of up to 49 percent in local airlines, which have been battered by fierce competition and high operating costs. REUTERS/Punit Paranjpe/Files