The British Airway’s chasing a 25% stake in Indian Go Air airlines. The officials have decided to have a meet in London for the further discussions sources says that British Airways has tried Last Year to reach a code sharing agreement with Go Air. Go Air spokesperson says that the airlines has 2.3% share in the market and would welcome such a change in policy and British Airways refuses what is said.
Foreign airlines will be allowed to invest in domestic airlines with a cap of nearly 26% with India’s changed policy plan. Though Go Air faced losses last year still it is a closely held company with its financial numbers not in the public. The decision to scale up the fleet by 35 aircrafts will be fulfilled till March 2011, recently added six and will add 20 by end of this year.
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