IndiGo says keen only on Air India's international and low-cost units
IndiGo, owned by InterGlobe Aviation, last week expressed unsolicited interest in buying a stake in state-owned Air India.
India`s leading airline IndiGo stressed on Thursday that it was keen to buy only state-owned carrier Air India`s international operations and its low-cost arm Air India Express, if India does proceed with plans to carve up and sell the carrier.
ALSO READ: Will IndiGo’s dream of buying Air India come true?
"Indigo is not looking to acquire all of Air India," said Rahul Bhatia, co-founder of the airline on a call with investors on Thursday, seeking to calm investor concerns that it may make an offer for the entire loss-making carrier.
IndiGo, owned by InterGlobe Aviation, last week expressed unsolicited interest in buying a stake in state-owned Air India.
India`s cabinet last week gave "in-principle" approval to privatise Air India, kick-starting a process that could see the government offload an airline struggling to turn a profit amidst growing competition from low-cost rivals.
ALSO READ: Tatas may be looking to pilot Air India again
Bhatia said the carrier would need to "assess" if it were economically feasible to buy all parts of the carrier in the event that the government opts to only sell the business as a whole.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
07:16 PM IST