As speculations are soaring on the issue Government feels a Rethink on the go ahead on the deal. According to the sources The FDI was meant to boost the Investment in Indian Carriers and not the foreign carriers take advantage of the Indian Market conditions.
According to a central Minister the Government will seriously consider the Proposal and the permission will be granted only after considering several facts. I can assure that this will not be a smooth sail.
Etihad Jet deal is said to be delayed with the Interference of Mr Mallya promising Etihad the servicing of Debts by UB Group and offering the controlling share, with an Investment of 500 Crores by his side.