Abu Dhabi: Etihad Airways Chief Executive Officer James Hogan said on Tuesday that the Abu Dhabi-based airline has been approached by “all Indian carriers” for the possibility of buying stake.
“All the Indian carriers have approached us and we continue to evaluate the impact of FDI [Foreign Direct Investment],” Hogan told reporters Tuesday on the sidelines of a conference in Abu Dhabi.
When asked how many airlines, Hogan said, “quite a number.”
Last month, the Indian government lifted a ban on foreign airlines investing in its carriers, allowing them to invest up to 49 per cent. The lifting of the ban is expected to help the domestic airline industry in India.
16/10/12 Samia Badih/Gulf News
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“All the Indian carriers have approached us and we continue to evaluate the impact of FDI [Foreign Direct Investment],” Hogan told reporters Tuesday on the sidelines of a conference in Abu Dhabi.
When asked how many airlines, Hogan said, “quite a number.”
Last month, the Indian government lifted a ban on foreign airlines investing in its carriers, allowing them to invest up to 49 per cent. The lifting of the ban is expected to help the domestic airline industry in India.
16/10/12 Samia Badih/Gulf News
