Article
Foreign Capital, Indian Skies: Navigating Ownership And Control In India’s Aviation Sector
Foreign capital can now reach almost every layer of an Indian airline’s balance sheet, but control cannot. Every foreign strategic investor and private equity sponsor must internalize before drafting term sheets for a domestic carrier. The percentage of equity a foreign party may hold and the degree of control it may exercise are governed by two separate legal regimes that do not move together, and the gap between them is where most aviation deals in India succeed or unravel.
MAHESHWARI & CO. Advocates & Legal Consultants