Saturday, January 10, 2015

Qatar Airways Keen to Buy 49% in IndiGo

Qatar Airways is keen to buy equity in IndiGo if the Indian carrier offers 49% stake to it. Qatar Airways group chief executive officer Akbar Al Baker told that, if IndiGo offers us 49%, Qatar Airways would be extremely interested. Qatar Airways unveiled the new Airbus A350-900 in Doha.
He said that India should open up to carriers such as Qatar Airways as they are already established. However, he ruled out buying stake in SpiceJet or GoAir. He said IndiGo is the only efficient carrier in India but added that the country cannot depend on only one airline. Al Baker acknowledged the presence of Vistara and AirAsia in the Indian aviation market but said airlines don't grow overnight. He added that, the airlines need at least five to 10 years to really deliver the potential India requires.

He said that Prime Minister Narendra Modi's `Make in India' initiative should include aviation sector as an important tool to realise his vision for the country. 

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