The meeting was held in wake of rising demands from airline operators to allow foreign airlines to pick up stakes in Indian carriers and provide a much-needed cash infusion.
Besides, the Industry Ministry has initiated the process by moving a draft Cabinet note on allowing 26 per cent FDI by foreign airlines in the domestic carriers.
Amid uncertainty over teh same, the billionaire Vijay Mallya-led Kingfisher Airlines slumped by 2.4 per cent to trade at Rs 26.45 on the Bombay Stock Exchange at 10:16 AM. The scrip made an early low of Rs 25.25 on BSE.
Besides, the leading low-cost carrier Spice Jet was trading at Rs 23, down 1.29 per cent on BSE.
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