 "While Qatar Airways flies to 150 international destinations, Air India reaches only 37")
Qatar Airways’ mercurial CEO Akbar Al Baker set the cat among the pigeons recently when he expressed his desire to set up an Indian subsidiary along with Qatar Investment Authority. What Al Baker perhaps missed out on was that the Foreign Direct Investment Circular of June 7, 2016, allows 100 per cent FDI only if there’s no investment by a foreign airline. If a foreign airline is involved the FDI limit is 49 per cent.
This is akin to saying we’ll allow 100 per cent FDI in telecom as long as there’s no investment by any global telecom company! The circular
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