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Emirates eyes investing opportunity in Indian airlines

"The airline is open to looking at anything that helps its business and is at the right price," said Emirates Chairman and CEO Shaikh Ahmad bin Saeed Al Maktoum.

BT Online Bureau | April 18, 2012 | Updated 14:15 IST

Emirates, the Dubai-based airline, has shown interest in investing in an Indian carrier , even as the government is expected to take up the issue of foreign direct investment (FDI) in aviation sector this week.

"The airline is open to looking at anything that helps its business and is at the right price," said Chairman and CEO Shaikh Ahmad bin Saeed Al Maktoum, clarifying "nothing is happening for the moment".

On whether the airline would consider investing in an Indian carrier such as Kingfisher Airlines, the Gulf News quoted him as saying: "Talking about the business, there are many other companies like that around the world which we could look at, but don't expect us to buy everything."

The airline has been trying to gain additional flying rights in India.

The Commerce and Industry Ministry, meanwhile, has moved a Cabinet note to allow foreign carriers pick up equity in Indian airlines.

Prime Minister Manmohan Singh is likely to consult senior ministers to build a consensus on the issue of allowing FDI in airlines by foreign carriers even as the aviation industry, including Vijay Mallya's Kingfisher, continues to face financial difficulties.

With inputs from PTI

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