Sky Heights Aviation Limited wants to enter the Civil Aviation Sector by constructing airports and developing air transport services in India and abroad. Some International Aviation Companies are interested in investing

Sky Heights Aviation Limited which wants to enter in Civil Aviation Sector by constructing airports and developing air transport services in India and abroad may avail the foreign direct investment as per the following Routs for investment and the percentage to receive such foreign investment: AIRPORT Sector/Activity % of Equity/FDI Cap Entry Route (a) Greenfield projects 100% Automatic (b) Existing projects 100% Automatic AIR TRANSPORT SERVICES Sector/Activity % of Equity/FDI Cap Entry Route (1) (a) Scheduled Air Transport Service*/ Domestic Scheduled Passenger Airline 100% Automatic up to 49% (Automatic up to 100% for NRIs) Government route beyond 49% (b) Regional Air Transport Service (2) Non-Scheduled Air Transport Service 100% Automatic (3) Helicopter services/Seaplane service requiring DGCA approval 100% Automatic As per Schedule XI of Aircraft Rules, 1937, Air Operator Certificate to operate Scheduled air transport services (including Domestic Scheduled Passenger Airline or Regional Air Transport Service) may be granted to a company or a body corporate provided that:- It is registered and has its principal place of business within India: The Chairman and at least two-thirds of its Directors are citizens of India; and Its substantial ownership and effective control is vested in Indian nationals.