Air India: IndiGo expresses interest in buying stake in Air India - News Summed Up

Air India: IndiGo expresses interest in buying stake in Air India


NEW DELHI: 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," secretary R N Choubey told reporters today.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. This is based on studies of revival plans at carriers in which governments exited fully, including British Airways, Japan Airlines and Austrian Airlines. The proposal entails the government taking a hit by waiving Rs 22,000 crore in debt.


Source: Economic Times June 29, 2017 08:37 UTC



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