Low fare airlines SpiceJet and GoAir with their good financial and operational performance are better placed for foreign direct investment (FDI) believes consulting firm KPMG which released a report on the sector today.
The firm has pointed out there will be lot of interest from global carriers in the Indian airlines post the government allowing 49% FDI in the sector, which was a long pending demand by industry captains.
Explaining its rationale as to why international carriers would be keen on investing in Indian airlines, the firm gave instance like Emirates looking at a 52% increase in the number of weekly seats on the India sector, which could be a trigger for its investment in an airline that best suits its requirements.
Second, the report points out that Lufthansa has recently inked a strategic alliance with Jet Airways which allows both carriers to sell seats on each other's network.
21/09/12 Moneycontrol.com
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The firm has pointed out there will be lot of interest from global carriers in the Indian airlines post the government allowing 49% FDI in the sector, which was a long pending demand by industry captains.
Explaining its rationale as to why international carriers would be keen on investing in Indian airlines, the firm gave instance like Emirates looking at a 52% increase in the number of weekly seats on the India sector, which could be a trigger for its investment in an airline that best suits its requirements.
Second, the report points out that Lufthansa has recently inked a strategic alliance with Jet Airways which allows both carriers to sell seats on each other's network.
21/09/12 Moneycontrol.com
