Monday, October 1, 2012

NEWS | Maldivian Open to Investing in Indian Private Carrier

 Maldivian, the national carrier of Maldives, which recently announced its expansion plans with flights to Mumbai and Chennai from November, has said that it is not averse to investing in some of the Indian private carrier if there is an opportunity.
"If given an opportunity, we will definitely do so (investing in some private carriers)," Maldivian managing director Abdul Harris said here.

He said that the policy change allowing up to 49 per cent foreign direct investment by the foreign carriers in the domestic airlines is a "great initiative" by the government and will provide a level-playing field.
Nevertheless, Maldivian, the airline division of Island Aviation Services Ltd, already has collaborations with Indian companies in the segment for providing different services to the carrier.

SOURCE:http://news.outlookindia.com/items.aspx?artid=776799

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