Monday, August 03, 2015

IndiGo-Qatar Airways-SpiceJet triangle: Is love really in the air?

An unconventional love triangle is unfolding in the skies between Indian airlines SpiceJet and IndiGo, and the Gulf-based Qatar Airways.

While SpiceJet is keen on winning over Qatar Airways, the Doha-based airline is busy wooing IndiGo. Only, IndiGo crushed their interest with a rather curt rejection.

It all started with Qatar Airways openly flirting with IndiGo. Its CEO Akbar Al Baker has been telling the media about its interest in “buying as much as 49 per cent” of the Indian low-cost airline.

In fact, Akbar told Emirates 24|7 in May that “if there is any opportunity for taking an equity stake in IndiGo, we will be very interested”.

Earlier this year, Al Baker had commented on its choice of IndiGo over other Indian carriers, saying: “We like to partner with success stories, not failures.”

He added: “If there’s equity available we would be very to take that equity in IndiGo.”

However, IndiGo put an end to the flirtations and denied any interest in Qatar Airways, adding a fresh twist to the drama.

“News reports about any possibility of Qatar Airways acquiring a stake in IndiGo are completely baseless,” read their official statement.
03/08/15 Sneha May Francis and Bindu Rai/Emirates 24|7

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