New Delhi: Malaysia Airlines (MAS) has reiterated that it has no plans to take up stakes in airline companies in India.
"We are not looking at investment (in airline companies) in India," its regional vice president for South Asia and Middle East, Azhar Hamid, said Thursday.
He was replying to a question if MAS would invest in airline companies in India, as foreign airlines were now allowed to take up to 49 per cent stake.
"We are still in the process of turning around," he said at the panel discussion on "Aviation in India -- The Way Forward," at the South Asia Tour and Travel Exchange Exhibition here today.
MAS posted a net profit of RM37 million for its third quarter ended Sept 30, 2012 after six consecutive quarters of losses, a significant improvement compared with the RM478 million losses in the previous corresponding period.
17/01/13 Saraswathi Muniappan/Bernama
