Budget carrier IndiGo’s parent is not interested in any joint venture with the government if takes over some of Air India Ltd.’s operations.
The private airline is primarily interested in the international operations and low cost unit of Air India, founders Rahul Bhatia and Rohit Gangwal said in a conference call on Thursday. The carrier, however, plans to start low-cost, long-haul operations, with or without Air India, they added.
IndiGo, owned by InterGlobe Aviation Ltd., had expressed interest in the loss-making national airline shortly after the government announced its definitive intent to divest its stake in Air India. The state-run carrier faces legacy issues and has a debt of over Rs 52,000 crore. It is surviving on a Rs 30,000-crore bailout package announced by the government in 2012.
06/07/17 Krishanu Mukherji/Soumeet Sarkar/Bloomberg Quint
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The private airline is primarily interested in the international operations and low cost unit of Air India, founders Rahul Bhatia and Rohit Gangwal said in a conference call on Thursday. The carrier, however, plans to start low-cost, long-haul operations, with or without Air India, they added.
IndiGo, owned by InterGlobe Aviation Ltd., had expressed interest in the loss-making national airline shortly after the government announced its definitive intent to divest its stake in Air India. The state-run carrier faces legacy issues and has a debt of over Rs 52,000 crore. It is surviving on a Rs 30,000-crore bailout package announced by the government in 2012.
06/07/17 Krishanu Mukherji/Soumeet Sarkar/Bloomberg Quint
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