In any case, it never made sense for IndiGo to go solo on Air India. When InterGlobe Aviation Ltd’s interest in Air India became public in June, its shares had fallen almost 8% in two days. Despite being the only airline that qualifies to bid for Air India alone, IndiGo is resisting the temptation. On Thursday night, it said that it had expressed interest only in acquiring Air India’s international operations and Air India Express and that option is not available currently. As such, the road for Air India’s turnaround would have been rocky for IndiGo.

Source: Mint April 09, 2018 02:37 UTC