Govt to examine if foreign airlines can fully own local carriers through JVs: official
- JD (S) releases 3D game to shed anti-urban image
- Steve Smith admit ball tampering in 3rd test against South Africa
- Students march across US demanding stricter gun laws after mass shootings
- IIM-Ahmedabad raises PG management program fee to Rs22 lakh
- RLD, Nishad Party expel MLAs for cross-voting in Rajya Sabha elections in UP
New Delhi: India’s civil aviation secretary said on Friday it was not possible for a foreign airline to fully own an Indian carrier, but the government will examine whether it can be done through an investment partner.
Rajiv Nayan Choubey also said the government had not received any proposal from Qatar Airways to start a local airline.
Last week, Qatar Airways chief executive Akbar Al Baker said he wanted to set up a full service Indian carrier to fly domestic routes with around 100 narrow body planes, now that the country has opened up the airline industry to foreign investors.
Under current rules, foreign airlines are still restricted to holding a maximum stake of 49% in Indian carriers, but other foreign investors may own up to 100%. Reuters