New Delhi: Gulf carriers Qatar Airways and Air Arabia are learnt to be next in line to invest in India after Etihad decided to pick up a 24% stake in Jet Airways for Rs 2,058 crore last week.
Qatar is learnt to be looking at investing in an existing Indian carrier with SpiceJet and GoAir being the frontrunners. IndiGo continues to tease investors with its most eligible and sought after status but has so far not shown any interest in selling stake to them.
Highly-placed sources said grounded Kingfisher Airlines also tried to woo Qatar Airways . Sharjah-based LCC (low-cost-carrier ) Air Arabia is learnt to be looking at tying up with an Indian partner for investing in a start-up like AirAsia India JV between the Malaysian budget carrier and the Tata Group.
30/04/13 Saurabh Sinha/Economic Times
