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Lufthansa Says Starting Local Airline In India A 'Misadventure'

18 Apr 2017 18:20:04

profit.ndtv.com

Deutsche Lufthansa AG said starting a domestic airline in India, the world's fastest growing aviation market, will be a "misadventure" because of high jet fuel taxes and the cost of operations.


Lufthansa's comments come weeks after Qatar Airways Ltd. said it plans to start an airline in India with as many as 100 planes, as the Gulf carrier looks for a bigger share of a market projected to sell half a billion domestic tickets in a decade. Singapore Airlines Ltd., Etihad Airways PJSC and AirAsia Bhd. have also bought stakes in local carriers buoyed by an emerging middle-class flying for the first time.


Read full story: profit.ndtv.com

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