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
Playing by the numbers: Saudi Arabian Airlines

Playing by the numbers: Saudi Arabian Airlines

Why is Saudia only mentioned as an afterthought when one talks...

Ports of change

Ports of change

Investment in ports in the GCC region is at a record high, as...

Crowded skies in the Middle East

Crowded skies in the Middle East

Aviation experts give their suggestions on how to solve the Middle...

Most Discussed