Atlantic Airways chairman Sir Richard Branson is seeking to fulfil his ambition
of investing in an Indian carrier within the next six months.
has been looking to inject up to $50 million into an Indian domestic airline in
a personal capacity as under Indian aviation rules foreign airlines are
prohibited from holding stakes in their Indian counterparts.
to ATI in Nassau during the carrier’s inauguration of its
new London Gatwick-originating service to the Bahamas and the Cuban
capital Havana, Branson said:
“It looks more likely than not. If it’s going to happen it will happen within
the next six months.”
declines to identify companies in which he might be willing to invest.