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IAG may invest in Indian airlines if FDI rules relaxed

IAG may invest in Indian airlines if FDI rules relaxed
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First Published: Tue, Mar 15 2011. 03 32 PM IST
Updated: Tue, Mar 15 2011. 03 32 PM IST
New Delhi: International Airlines Group (IAG), formed by the merger of British Airways and Iberia, may consider investing in Indian carriers if foreign direct investment (FDI) rules are relaxed, its chief executive said on Tuesday.
“If those (foreign investment) rules change, a lot of airlines, including IAG, would look at whether the opportunity was a good opportunity. But at the moment, we have to wait and see what the government would do,” Willie Walsh told reporters.
India does not currently allow foreign airlines to buy stakes in local carriers, while in China a single overseas investor is unable to take more than a 25% stake in a Chinese carrier.
IAG is Europe’s second biggest airline group behind Lufthansa.
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First Published: Tue, Mar 15 2011. 03 32 PM IST