Thursday, June 22, 2017

Qatar Airways considers India, Italy plans

Qatar Airways is in talks with Bombardier concerning the possible use of CSeries jets for the Qatari carrier's proposed Indian venture, CEO Akbar al Baker has said.

"Instead of ATRs [from Avions de Transport RĂ©gional] or Q400s [from Bombardier], I could use the CSeries on short-runway destinations in India," he told Reuters during the 2017 Paris Airshow.

In March this year, al Baker revealed plans to take advantage of India's proposed relaxation of laws governing foreign investment in local carriers. Under the plan, though foreign carriers may not own more than 49% of an Indian airline, sovereign wealth funds are and have been permitted to own up to 51% of Indian scheduled passenger airlines.

As such, al Baker said the proposed venture would use the Qatar Investment Authority, Qatar's sovereign wealth fund and Qatar Airways' parent, as a likely vehicle to establish the carrier.

The future of the project, as well as the proposed finalization of Qatar Airways' acquisition of a 49% stake in Italy's Meridiana fly, will have an impact on what the carrier does with its LOI with Boeing (BOE, Chicago O'Hare) for sixty B737 MAX 8s.
21/06/17 ch-aviation