Kuala Lumpur: Malaysian airline carriers should consider acquiring stakes in ailing Indian airlines, to tap into the strong domestic demand offered by the second-most populous country with over 1.2 billion people, the Indian High Commissioner to Malaysia said on Wednesday.
Vijay K. Gokhale said the potential for growth was vast for an airline from Malaysia or Asean investing in the once-vibrant Indian civil aviation industry.
He said the industry, which was previously closed to foreign ownership in India, has very few players, thus opening more space for competition and connectivity.
“These are commercial decisions. The Indian market is of course very huge. It will be a very interesting business proposition for any airline from Malaysia.
“What needs to be realized is that Indian airlines have very strong routes connectivity, and the acquirer will also benefit tremendously from the foreign travel rights, adding to the strong domestic demand,” Gokhale told Bernama.
21/11/12 Bikya Masr
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Vijay K. Gokhale said the potential for growth was vast for an airline from Malaysia or Asean investing in the once-vibrant Indian civil aviation industry.
He said the industry, which was previously closed to foreign ownership in India, has very few players, thus opening more space for competition and connectivity.
“These are commercial decisions. The Indian market is of course very huge. It will be a very interesting business proposition for any airline from Malaysia.
“What needs to be realized is that Indian airlines have very strong routes connectivity, and the acquirer will also benefit tremendously from the foreign travel rights, adding to the strong domestic demand,” Gokhale told Bernama.
21/11/12 Bikya Masr
