Qatar Airways’ proposal would be allowed only after proper examination: Aviation secy

The government today said any proposal by Qatar Airways for FDI would be allowed only after proper examination, said a top government official today.

“In general, we welcome FDI. As far as a specific proposal is concerned that proposal has to follow the approval route.. I can not predict that. The government process will examine,” aviation Secretary R N Choubey told reporters today in response to whether a foreign airline with an investment partner can own 100 per cent of an airline in India

The statement assumes significance, as Indian carriers had registered a protest to the government on an announcement by Qatar Airways to launch an airline in India.

Recently, Qatar Airways had announced that they would launch an airline in India, with 49 per cent investment from Qatar Airways and the rest from a Qatari investment authority. The announcement was post the government allowing 100 per cent FDI in aviation sector but did not increase the limit for foreign airlines from the existing 49 per cent.

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Credit By : Economictimes.indiatimes.com

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