Qatar Airways' India plan stuck in runway; CEO Akbar Al Baker blames policy

Qatar Airways does not want to invest in an Indian airline just because it needs funds

Qatar Airways may put its proposed India venture on the back burner as restrictive foreign investment rules may hamper its plans.

Setting a deadline for itself, Qatar Airways CEO Akbar Al Baker said the company would wait another 12 months to take a call on starting an airline in India. 

“We will lose interest in time because we have a fund that we would like to invest. If we do not invest in time, we have to use that fund somewhere else,’’ Akbar told newspersons at a media interaction on the side lines of the ‘International Aviation Summit’ organised jointly by Ministry