Emirates Airline may look at investing in India

Dubai-based Emirates Airline has indicated that it may look at investing in an Indian carrier, as the Indian Government is mulling to allow foreign airlines to buy stake in domestic carriers.

“The airline is open to looking at anything that helps its business and is at the right price,” said the Chairman and CEO of Emirates Airline, Shaikh Ahmad bin Saeed Al Maktoum.

He said, however, nothing is happening for the moment.

On whether the airline would consider investing in an Indian carrier such as Kingfisher Airlines, the

Gulf News quoted him as saying, “Talking about the business, there are many other companies like that around the world which we could look at, but don’t expect us to buy everything.”

The airline has been trying to gain additional flying rights in India.

The Commerce and Industry Ministry, meanwhile, has moved a Cabinet note to allow foreign carriers pick up equity in Indian airlines.

The Prime Minister, Dr Manmohan Singh, is likely to consult senior ministers to build a consensus on the issue of allowing FDI in airlines by foreign carriers.