Close on the heels of Qatar Airways showing an interest in the country’s largest budget carrier IndiGo, Dubai-based low-cost carrier flydubai on Monday said it was “open” to investing in an efficient Indian airline.
“The focus from shareholders is to grow the airline in Dubai, and right now we have no mandate to go outside. But we have a dialogue with Indian airlines all the time. If we find a good opportunity, we will consider it. We will then go and seek approval from the shareholders,” said chief executive officer Ghaith Al Ghaith.
The Indian government allowed foreign airlines to buy up to 49 per cent stakes in Indian carriers in September 2012. Since then, the Abu Dhabi-based Etihad Airways has bought a 24 per cent stake in Naresh-Goyal’s Jet Airways.
Two new ventures, AirAsia india and Tata-SIA Airlines, have been registered and will start flights soon.
Budget airlines SpiceJet and GoAir are scouting for strategic investors to infuse cash.
10/06/14 Business Standard
“The focus from shareholders is to grow the airline in Dubai, and right now we have no mandate to go outside. But we have a dialogue with Indian airlines all the time. If we find a good opportunity, we will consider it. We will then go and seek approval from the shareholders,” said chief executive officer Ghaith Al Ghaith.
The Indian government allowed foreign airlines to buy up to 49 per cent stakes in Indian carriers in September 2012. Since then, the Abu Dhabi-based Etihad Airways has bought a 24 per cent stake in Naresh-Goyal’s Jet Airways.
Two new ventures, AirAsia india and Tata-SIA Airlines, have been registered and will start flights soon.
Budget airlines SpiceJet and GoAir are scouting for strategic investors to infuse cash.
10/06/14 Business Standard
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