New Delhi: India may soon get its first fully-foreign owned airline. Qatar Airways plans to start an airline in India with the investment arm of Qatar government, said Qatar Airways CEO Akbar Al Baker, as per sources.
This will be the first of its kind airline venture in India that would be fully-owned by overseas entities and the proposal comes nearly nine months after the Indian government allowed 100% foreign direct investment in the airlines segment.
Qatar Airways, which is among the top three Gulf carriers, has been exploring investment opportunities in the fast growing Indian aviation market.
Last June, India allowed foreign investors barring overseas airlines to own up to 100% stake in local carriers by liberalising FDI regulations.
Currently, foreign airlines are allowed to invest only up to 49% in Indian carriers.