Qatar Airways says keen on Indian carrier stake

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Qatar Airways chief executive officer Akbar al-Baker. (AFP/Getty Images)

Qatar Airways chief executive officer Akbar al-Baker. (AFP/Getty Images)

Qatar Airways is reportedly interested in buying a stake in an Indian airline following a similar move by Gulf rival Etihad.

Akbar Al Baker, the carrier's CEO, was quoted as saying on Sunday that the airline could make a move once it was "sure of the regulations" governing India's aviation sector.

“India is a huge market, India is a potentially lucrative market. Qatar Airways will be interested once we are sure the regulations and the laws are properly liberalised,” he said in commments published by Bloomberg.

Al Baker said he was not yet studying any specific purchase in India.

Abu Dhabi’s Etihad is in talks with Jet Airways following the Indian government's decision in September to allow foreign airlines to own as much as 49 percent of India’s carriers as part of a push to attract investment.

Al Baker reportedly denied press reports that his airline was looking to buy a stake in Italian carrier Alitalia.

Al Baker also confirmed that Qatar Airways sold its 35 percent stake in Luxembourg’s Cargolux Airlines International for $117.5m.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Flights of fancy: the future of aviation

Flights of fancy: the future of aviation

How will passengers’ flight experience be in the future? From...

How Gulf banks are helping to underwrite region's aviation boom

How Gulf banks are helping to underwrite region's aviation boom

Figures from Airbus show that 47% of MidEast aircraft deals in...

2
The inside story of the new Airbus A350 jet

The inside story of the new Airbus A350 jet

Customers, suppliers and industry sources share their insights...

Most Discussed
  • 16
    Nakheel PR: The toughest job in Dubai?

    @John...I actually laughed out load at that comment! Having said that..I still believe DAMAC hold the mantal for 'Redefining Trust'... more

    Sunday, 29 March 2015 6:06 PM - Simon
  • 8
    Post traumatic stress?

    I once had a Emirates Post employee hang up on me when I asked her to repeat something. That said, the worst is my management company, Kingfield Management... more

    Sunday, 29 March 2015 6:07 PM - Sarah
  • 2
    Dubai Int'l T1 is too congested, says Indian airline boss

    i am also obliged to travel through Dubai Airport (DXB) in the past and hopefully not in the future. Definitly Mr. Mevlin is absolutly right. The conditions... more

    Sunday, 29 March 2015 6:06 PM - Michael
  • 16
    Nakheel PR: The toughest job in Dubai?

    @John...I actually laughed out load at that comment! Having said that..I still believe DAMAC hold the mantal for 'Redefining Trust'... more

    Sunday, 29 March 2015 6:06 PM - Simon
  • 14
    Has Narendra Modi already lost the plot?

    Gaja - Anil is RIGHT this once! Modi stands for anarchy. Look at the way he is treating the minorities. Do you even for a second believe that he is innocent... more

    Sunday, 29 March 2015 1:42 PM - Ann
  • 8
    Post traumatic stress?

    I once had a Emirates Post employee hang up on me when I asked her to repeat something. That said, the worst is my management company, Kingfield Management... more

    Sunday, 29 March 2015 6:07 PM - Sarah