Loading
19-Jul-2010 10:39 AM

Emirates would consider investment in Indian carrier

Emirates announced it would consider plans to invest in an Indian domestic carrier if the Indian Government altered its foreign direct-investment policy for airlines (Telegraph India, 17-Jul-2010). Foreign carriers are not permitted to invest directly or indirectly in domestic carriers, while the foreign direct investment cap for non-airline companies in domestic carrier is 49%.

Emirates:Emirates will consider picking up a stake in domestic (Indian) carriers if the government allows such a move. India is a growing aviation market, which cannot be ignored as its economy is booming. The middle class is growing at a rapid pace and the aviation sector has a good prospect in the country,” Majid Al Mualla, Senior Vice-President Commercial Operations West Asia and Indian Ocean. Source: Telegraph India, 17-Jul-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More