Not keen on investing in Indian aviation market

Several major international airlines seem to be wary of picking up stakes in the loss-making Indian carriers at this stage, even as the government plans to take steps to allow them to do so.

Even before the government formally notified changes in the aviation policy that currently bars foreign carriers from investing in Indian airlines, officials and spokespersons of major international airlines have said they were not interested in investing in the Indian aviation market.

While a few airlines like Qatar Airways and Air Asia evinced some interest, carriers like Virgin Atlantic, Lufthansa and Emirates said they were not interested.

“We are focussed on growing our business out of Delhi to London Heathrow and New York and as such we are not interested in investing in India’s domestic carriers,” Edmond Rose, Director Commercial and Revenue Planning of Virgin Atlantic, said in a statement when asked whether they would like to invest in any Indian carrier.

From: Hindustan Times