“No Interest In Buying Stake In Air India, Only IndiGo”: Qatar Airways

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Qatar Airways CEO said that he is interested in buying a stake in IndiGo but this is not the right time.

NEW DELHI: 

HIGHLIGHTS

  1. Qatar had in the past also shown interest in investing in IndiGo
  2. IndiGo shares rose nearly 2% after the codeshare announcement
  3. Currently, IndiGo has 48% share in domestic air passenger market

Qatar Airways has no interest in buying a stake in Air India, its CEO said on Thursday, as the government plans roadshows in Singapore and London to entice investors for the Indian national carrier”s disinvestment.

Qatar Airways CEO Akbar Al Baker added that he is interested in buying a stake in IndiGo but this is not the right time as issues among promoters are yet to be resolved.

IndiGo on Thursday signed a one-way codeshare agreement with Qatar Airways, where the latter will be able to book seats on the former’s flights on certain specific destinations.

We have no interest in buying stake in Air India. Interested in buying stake in IndiGo, but this is not the right time as issues among promoters are yet to be resolved,” said Qatar Airways CEO Akbar Al Baker.

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