Qatar Airways to Establish Indian Carrier With 100 Planes

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Qatar Airways has reportedly planned to set up a Short Haul Airline in India with a convoy of about 100 planes.

The move is being made by the airlines in an attempt to gain a bigger share of one of the World’s fastest growing travel markets.

Chief executive officer Akbar Al Baker said at the ITB berlin travel fair, the gulf carrier will make an application to the Indian authorities soon.
Qatar Investment Authority, the sovereign wealth fund that backs Qatar Air, would be the most suitable vehicle for establishing an airline in India, the CEO said in a media briefing, adding that it could use his carrier to run the venture.
Qatar Airways has reportedly planned to set up a Short Haul Airline in India with a convoy of about 100 planes.The Qatar Air was smashed in a 2015 bid to boost its Indian Footprint by purchasing a stake in discount specialist Indigo and failed to buy up shares piecemeal during and after a subsequent initial public offering. While the Indian government limits overseas airlines to 49 percent stakes in its carriers, a relaxation of restrictions last year means foreign sovereign wealth funds and portfolio investors can potentially acquire 100 percent holdings.
Al Baker has sought to use QIA as a vehicle for Indian expansion before.
Qatar Air currently owns 20 percent of British Airways parent IAG SA, 10 percent of Latam Airlines Group SA, the biggest South American carrier, and 49 percent of Italy’s Meridiana SpA. The Doha-based company also wants to start a domestic airline in Saudi Arabia, though a license has been delayed for years, prompting it to deploy jets elsewhere.

The move is being made by the airlines in an attempt to gain a bigger share of one of the World’s fastest growing travel markets.

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