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Qatar Airways seeking stake in Indian LCC

Qatar Airways is eyeing a minority stake in Indian low-cost airline GoAir, CNBC-TV18 has reported, citing unnamed sources. The Doha-based carrier has valued GoAir at $550m, and if the deal goes through, promoters of the Mumbai-based no frills carrier will continue to hold majority stake, said the sources. However, Qatar Air will have right to hike stake if the deal concludes, they added.