Qatar Airways to soon apply for domestic airlines in India, confirms Al Baker
Qatar Airways (QA) chief Akbar Al Baker has reiterated that plans by the Doha-based airlines to launch a domestic carrier in India was on track.
He said they would soon apply to start the airlines in India, which will be a full service carrier operating within the country, reported Times of India.
While Qatar Airways’ plans for a domestic airline in India is more than a year old, there has been several back and forth regarding the launch.
Two months ago, it said the new airline would involve at least 100 planes. Last month, it denied reports in the Indian media that it was considering a joint bid for Air India with IndiGo.
Times of India reported that while the proposed airline will be fully-owned by Qatar entities, it will still have an Indian chairman and majority of board members will also be from India.
“Our lawyers have started working on our application. We’ll soon get some clarification from Indian government authorities to give us the exact direction on how we can start the process (and) formally apply for the (licence) sometime soon,” he told the Times of India in an exclusive chat.
It is understood that Qatar Airways will not have an Indian partner in the proposed airline.
“Indian foreign direct investment rules clearly state that a foreign entity can own 100% of a domestic carrier and we’re going by that rule. However, it’ll be a carrier in India that’ll be managed by Indians. The entire board, minus one or two people, will be all Indians including the chairman,” Al Baker said.
“If an (Indian) airline has more than 20 aircraft, it can operate outside India (as per Indian rules). However the airline that we’re launching will operate within India even beyond 20 aircraft,” Al Baker said.
India currently has three full service carriers (FSC) — Air India (AI), Jet and Vistara. When asked about AI is being divested with Vistara being a likely bidder, does Qatar see place for another FSC in India, he said, “India is such a big aviation market that if there’re 10 airlines, there’ll be stomach for more. India is a huge market which is under-served. You’ve airlines that aren’t so financially strong to be able to cater for this very large Indian population that want to travel by air.”
There are other options to earn more than running an airline in this world with peace of mind & much simple and easy .........
There is joke when two families met for their ..... it was an interesting moment when girl side relatives knew that the .... businessman boy is in a foreign land ...... immediate query by the parents / relatives was WHICH BANK ?? Not which country ..... ROFL ..........................
Lol, Yes, yes, banks are ready to throw out their money but one has to be very cunning to lap up all that with a perfect plan .......... There were many younger cousins who also succeeded after him ....... and right at this moment one guy might be stealing 1 Billion from a bank ....... !!
Lol, Yes, yes, banks are ready to throw out their money but one has to be very cunning to lap up all that with a perfect plan .......... There were many younger cousins who also succeeded after him ....... and right at this moment one guy might be stealing 1 Billion from a bank ....... !!
Lol, Yes, yes, banks are ready to throw out their money but one has to be very cunning to lap up all that with a perfect plan .......... There were many younger cousins who also succeeded after him ....... and right at this moment one guy might be stealing 1 Billion from a bank ....... !!
*We may have
NO to Free Loans ! We have another Kingfisher Airlines and Vijay Mallya
Banks must not give F R E E loans to the airline them they will be serious otherwise there will be loss ......... loss ........ loss .......
Captain, You are absolutely right. ............ Anybody who will enter this business will make loss ...... loss ......... loss ............
Molten this can be loss for some airline in India like GoAir or AirAsia India. Chances of one airline to shutdown or merger in future.
They will make loss ......... loss ....... loss ...........