If rules change, all airlines will seek to invest in Indian carriers

Willie Walsh, chief executive officer of British Airways Plc (BA), who has steered the airline to a merger pact with Iberia Lineas Aereas de Espana SA, says BA would be interested in buying a stake in an Indian carrier if the government permits foreign investment.
“If the rules change, not just British Airways, all airlines around the world will look at the possibility to invest in Indian carriers,” Walsh said in an interview on his fourth visit to India. He was on the new Boeing 777-300ER that made its inaugural commercial flight from London to Mumbai; BA is the first airline to take delivery of the long-range plane.
Walsh also announced a code-sharing agreement with Kingfisher Airlines Ltd, which BA is sponsoring to join the Oneworld alliance.
The agreement will cover BA and Kingfisher flights across India, Sri Lanka, the UK and continental Europe. In an interview, Walsh speaks about the prospects for the aviation industry in general and the potential of the Indian market in particular.
06/09/10 PR Sanjai/Live Mint

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Categories: Foreign Sep 2010, Indian Aviation- In General Sep 2010