Thursday, June 29, 2017

IndiGo expresses interest in buying stake in Air India

As per an ET report by Mihir Mishra, IndiGo, India's largest carrier in terms of market share, has expressed interest in Air India, Secretary Civil Aviation R N Choubey told reporters today. "Post the Cabinet decision tomorrow, we have received an expression of interest for Air India from IndiGo. They have said that they are interested in Air India," Choubey said. The Cabinet yesterday approved divestment of Air India.

Air India has a fleet of 118 aircraft and flies the highest number of passengers to and from India according to Directorate General of Civil Aviation data. It also has coveted parking slots in airports round the world such as New York, Chicago and London besides 18 morning departure slots in Mumbai alone.

Air India's three profit-making subsidiaries are Air India Express (low-fare international carrier), AI Transport Services (ground handling unit) and AI-SATS (a 50:50 ground-handling JV with Singapore Airport Terminal Services).
29/06/17 Travel Biz Monitor