Tuesday, September 04, 2018

Qatar Airways' plans for setting up Airline in India put on hold

New Delhi: Qatar Airways will wait for "another 12 months" to decide on setting up an airline in India as it seeks clarity on "ambiguous" foreign ownership norms, its chief Akbar Al Baker said on Tuesday.

The comments come less than three months after Akbar Al Baker said that the Gulf carrier would soon be moving an application to launch a full-service airline in India for domestic operations.
Akbar Al Baker, who has been Qatar Airways' Group Chief Executive Officer for over two decades, said that the rule of allowing foreign entity to own up to 100 per cent stake in Indian carriers is not very clear.

"What we are given to understand is that a foreign airline cannot own 100 per cent but a foreigner can. I don't know what is the difference between a foreigner and an airline," he said.

On how long Qatar Airways can wait on India venture, Akbar Al Baker said, "We will wait for another 12 months but beyond that we will not be able to..."
04/09/18 PTI/One India