Reminiscing about the first jet flight he took in January 1960, Sir Tim Clark, President of Emirates, says that a privatised Air India will of course affect Emirates but says he accepts competition. In response to questions from Moneycontrol, Clark makes it clear that Emirates is not interested in setting up a domestic airline in India right now.
Q: The government has allowed 49 percent Foreign Direct Investment in Indian airlines. Will you look at setting up an airline in India?
A: At the moment no. It (India) is probably along with China the most voluminous domestic market in the world. (But as you know) the Indian government controls the fares and they also have a tax on fuel which makes the whole economics a little bit marginal in my view.