Qatar Airways is planning to acquire a stake in an Indian airline, chief executive officer Akbar Al Baker reportedly said.
"India is a huge market, India is a potentially lucrative market," Al Baker was quoted as saying
Al Baker reportedly that he's not studying any specific purchase in India, where changes to rules curbing foreign direct investment from airlines have spurred interest in the market.
Gulf carriers including Abu Dhabi's Etihad Airways are looking to expand into the Indian market after Prime Minister Manmohan Singh's government in September allowed foreign airlines to own as much as 49%of India's carriers.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices