IndiGo offers to buy AI overseas operations
Seeks to acquire Air India Express
IndiGo, India’s biggest low cost airline, evinced interest in buying a
strategic stake in Air India on Thursday, a day after the Union
government cleared the decks for strategic disinvestment in the national
carrier.
In a letter written on Wednesday to Civil Aviation Minister Ashok Gajapathi Raju, IndiGo president and whole-time director Aditya Ghosh expressed interest in buying Air India’s international operations and its international low-cost airline Air India Express as a priority.
“As the Indian government embarks on the journey of privatising Air India and given IndiGo’s track record of having created a consistently profitable airline with a strong balance sheet, kindly treat this letter as our expression of interest in acquiring the international airline operations of Air India and (its low cost international airline) Air India Express,” Mr. Ghosh said in his letter.
No other private airline “is better placed” to lead Air India, Mr. Ghosh said.
In a letter written on Wednesday to Civil Aviation Minister Ashok Gajapathi Raju, IndiGo president and whole-time director Aditya Ghosh expressed interest in buying Air India’s international operations and its international low-cost airline Air India Express as a priority.
“As the Indian government embarks on the journey of privatising Air India and given IndiGo’s track record of having created a consistently profitable airline with a strong balance sheet, kindly treat this letter as our expression of interest in acquiring the international airline operations of Air India and (its low cost international airline) Air India Express,” Mr. Ghosh said in his letter.
No other private airline “is better placed” to lead Air India, Mr. Ghosh said.
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