DIPP moved a new draft note allowing 26% Foreign stake purchase for Foreign airlines to participate in the India Aviation story. Large aircraft order s have been canceled because the sector's debt woes have continued for over 2 years since first recognised a s priority, KFA close to bankruptcy with Jet only one to post profits in a couple of quarters in the period. Spicejet and Jet will be prime candidates for investment while Kingfisher will be looking for a quick deal to close out its debt problems at least for the medium term

Multi brand retail FDI opening up has been postponed