QATAR AIRWAYS WANTS TO START AN AIRLINE IN INDIA

NEW DELHI, India, Qatar Airways wants to start a domestic airline in India, local media reported on Wednesday, quoting its Chief Executive Officer Akbar Al Baker.

“We will move the application soon. I don’t know really by when because it (the process) takes time,” Akbar was quoted as saying by PTI news agency.

The planned airline will be financed by the sovereign fund, Qatar Investment Authority, according to the report.

Earlier this year, the Qatar Airways chief said he planned to start a full-service Indian airline with a fleet of 100 planes.

India is witnessing strong growth in its passenger traffic but the sector remains stringently regulated for foreign investors.

Indian airlines carried 120 million domestic passengers during the 2017-18 financial year (April-March) compared with 61 million in the financial year 2013-14, recording a 19 per cent compound annual growth rate, Civil Aviation Minister Suresh Prabhu said recently.

Source: Nam News Network