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British Airways calls on India to relax ownership restrictions

7-Sep-2010 10:14 AM

British Airways CEO, Willie Walsh, repeated calls for the Indian Government to relax domestic ownership limitations imposed on foreign carriers (Bloomberg UTV, 06-Sep-2010). Foreign investment in Indian airlines is limited to 49%, but foreign carriers are not permitted to acquire any shares in Indian airlines.

British Airways: “I have absolutely no doubt if the rules do change here in India that there will be lot of interest not just from British Airways but a lot of interest from airlines around the world in investing in the market here and potentially investing in the airlines here. I do see this as an opportunity,” Willie Walsh, CEO. Source: Bloomberg, 06-Sep-2010.