A recent media report has revealed that British Airways is considering buying a stake in GoAir. In a recent article, The Economic Times has stated that BA is debating whether or not to take up a 25 per cent stake in the low-cost Indian carrier.
Citing sources close to the potential deal, the newspaper said that a meeting is scheduled to take place between the two airlines in London somewhere during next month.
Asked about the media speculation, BA declined to comment. However, GoAir said that it "does not have any agreement with any other foreign carrier at the moment".
On the other hand, a knowledgable source hinted that BA"s interest in GoAir followed changes introduced by the Indian government to the rules pertaining to the investment in domestic airlines.
The newspaper quoted the source as saying, "The interest in buying equity stake in GoAir comes in the wake of the development that the Indian government is considering a proposal to allow foreign airlines to pick up stake in domestic carriers.â
Industry circles say that BA was involved in merger talks with Qantas during the recent past, but the discussions did not yield any results.
