Oman Air is open to investing in airlines in India, but needs higher bilateral air traffic rights and improved airport infrastructure to be encouraged to take the step, its CEO said Friday.
“We do not exclude financial partnership with an Indian carrier,” Paul Gregorowitsch told a press conference today. The government last week increased the foreign investment cap in Indian airlines to 100% although for foreign airlines the cap remains at 49%. Analysts have said this may encourage airlines, especially government-owned Gulf carriers to tie up with sovereign funds to pick up stake in Indian airlines. In its recently announced civil aviation policy, the government allowed open skies with destinations beyond 5,000 kilometers. This means neighbouring regions including Gulf countries wouldn’t be part of it.