Qatar Airways mulling to start a domestic airline in India

Qatar Airways and the state-run Qatar Investment Authority plan to start a domestic airline in India, the Gulf carrier's CEO said on Wednesday. If the plans fructify, this will be the first instance of a fully foreign entity-owned local carrier in the country, after Prime Minister Narendra Modi opened up the sector for 100% FDI last June. India on June 21 last year allowed 100% foreign direct investment in airlines, up from 49% previously. A foreign carrier can, as before, hold up to 49% but other foreign investors can fully own the airline. Courtesy: The Economic Times


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