Lufthansa not to buy stakes in domestic airlines

Bangalore: German airline Lufthansa has said that it would not pick up equity in any airlines in India even though the Government has opened up the sector for FDI.
Lufthansa’s head of corporate communications for Asia Pacific, Frank Puttmann said, while India continues to be the top market for the airline, there are no plans to pick up equity. “At this moment, our strategy is to build up a strong presence in India. India is the top market for us worldwide. It is a strong message for the market,” he said.
Puttmann said airport companies in India should work along with the airlines because they are partners in their business. Hence, the decision to impose heavy airport charges would be counterproductive.
15/09/12 Business Line

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Categories: Foreign Sep 2012, Indian Aviation- In General Sep 2012