Qatar Airways new Boeing 787 Dreamliner taxis after arriving on it's inaugural flight to Heathrow Airport, west London December 13, 2012. REUTERS/Andrew Winning
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Qatar Airways Ltd. plans to set up a short-haul airline in India with a fleet of 100 narrow-body planes, renewing a push to gain a bigger share of one of the world's fastest-growing travel markets.Qatar Investment Authority, the sovereign wealth fund that backs Qatar Air, would be the most suitable vehicle for establishing an airline in India, the CEO said in a media briefing. While the Indian government limits overseas airlines to 49-percent stakes in its carriers, a relaxation of restrictions last year means foreign sovereign wealth funds and portfolio investors can acquire 100-percent holdings.Qatar Air currently owns 20 percent of British Airways parent IAG SA, 10 percent of Latam Airlines Group SA, the biggest South American carrier, and 49 percent of Italy's Meridiana SpA.
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