Qatar plans to set up airline in India
New Delhi: Qatar Airways has already postponed plans to set up an airline in India. Qatar Airways chief Akbar Al-Baqar said on Tuesday that the airline has decided to wait for ’12 months’ due to the obscure foreign ownership rules. About three months ago, Al Baker had said that Qatar Airways is going to apply to launch a full service airline for domestic operations in India.
Al Baker has been Chief Executive Officer of Qatar Airways Group for the last two decades. He said that the rules allowing any foreign entity to hold a 100 percent stake in the Indian airline would not be clear. He said, “According to our understanding, no foreign airline can hold 100 percent stake, but no foreigner can do so.” I do not know what is the difference between a foreigner and an airline. “In Al-Baker’s table, Al Baker said that if Qatar Investment Authority (QIA) has 51 percent and Qatar Airways has 49 percent stake, then it will not be allowed. This is quite unclear situation.