No talks with SpiceJet on stake sellout: IndiGo Chief

New Delhi: Premier no-frills carrier IndiGo on Monday said there is no truth in reports that its competitor Spicejet is acquiring 7.5 per cent stake in it.
"Over the last few days, there has been speculation and rumours that IndiGo is in talks with certain airline(s) regarding a possible merger or an equity sale. As a matter of company policy we do not comment on market rumors.
"However, on this occasion, we feel it necessary to categorically state that there is absolutely no truth or basis to any of these rumours, market speculation or media reports," IndiGo President Aditya Ghosh told PTI while reacting to reports that budget carrier SpiceJet is in talks with it to purchase equity in IndiGo and is looking for a position on its Board.
SpiceJet CEO Sanjay Agarwal had also refused to comment on "such rumours and speculations".
20/04/09 PTI/Economic Times

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Categories: Indigo Airlines Apr 2009, SpiceJet Apr 2009