India to examine if foreign airlines can fully own local carriers through investment partners | Reuters

NEW DELHI India's civil aviation secretary said on Friday it was not possible for a foreign airline to fully own an Indian carrier, but will examine whether it can be done through an investment partner. Rajiv Nayan Choubey also said the government had not received any proposal from Qatar Airways to start a local airline. Last week, Qatar Airways Chief Executive Akbar Al Baker said he wanted to set up a full service Indian carrier to fly domestic routes with around 100 narrowbody planes, now that the country has opened up the airline industry to foreign investors.

Reuters March 17, 2017 22:00:09 IST
India to examine if foreign airlines can fully own local carriers through investment partners
| Reuters

India to examine if foreign airlines can fully own local carriers through investment partners
 Reuters

NEW DELHI India's civil aviation secretary said on Friday it was not possible for a foreign airline to fully own an Indian carrier, but will examine whether it can be done through an investment partner.

Rajiv Nayan Choubey also said the government had not received any proposal from Qatar Airways to start a local airline.

Last week, Qatar Airways Chief Executive Akbar Al Baker said he wanted to set up a full service Indian carrier to fly domestic routes with around 100 narrowbody planes, now that the country has opened up the airline industry to foreign investors.

Under current rules, foreign airlines are still restricted to holding a maximum stake of 49 percent in Indian carriers, but other foreign investors may own up to 100 percent. (Reporting by Aditi Shah; Writing by Malini Menon; Editing by Amrutha Gayathri)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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