New Delhi: Singapore Airlines has said it may acquire stake in an Indian carrier if the current rules are amended, but is not looking at such opportunities right now. "Never say never. Challenge for us at the moment is to consolidate what we have today. ... When opportunities arise, we will consider it. It is not something that we are actively looking at right now," Philip Goh, the airline's Regional Vice President for India, West Asia and Africa, said.
He was asked whether Singapore Airlines (SIA) would be interested in picking stake in an Indian carrier if the present rules, which prohibit foreign airlines from doing so, are amended.
In 2000, the Tata group had partnered with SIA to acquire a 40 per cent stake in Air India, but the government later decided against selling equity of the state-run airline.
On its operations in India, Goh said the premier global airline was in the process of augmenting capacity on its India network, "matching capacity with demand".
01/08/10 Press Trust Of India/Hindustan Times
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