Stake in Indian carrier remains option for SIA

Singapore Airlines (SIA) would not rule out the possibility of becoming a stakeholder in an Indian carrier should the current restriction be lifted, the Hindustan Times reported.
SIA is not currently looking to acquire stake in an Indian carrier since current law forbids foreign airlines from doing so, but will keep its options open should the law be amended.
"[The] challenge for us at the moment is to consolidate what we have today. […] When opportunities arise, we will consider [them]. ?[Acquiring stake in an Indian carrier] is not something that we are actively looking at right now," SIA's Regional Vice President for West Asia and Africa, Philip Goh said.
In 2000, SIA partnered with the Tata Group to acquire a 40 percent stake in Air India, before the Indian Government ruled against the selling of equity in the state-run airline.
In the meantime, SIA will focus on matching capacity with demand in its India network and focusing on a strategy of balanced growth, Mr Goh said.
06/08/10 eTravel Blackboard

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Categories: Foreign Aug 2010