British Airways calls on India to relax ownership restrictions
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.