Doha: Premier Gulf carrier Qatar Airways, on Monday, said it was keen to acquire a stake in IndiGo ‘if available’, praising the Indian no-frill carrier for its efficiency in containing costs.
The statement came from the Qatari national carrier’s CEO, Akbar Al Baker, when he was asked whether the Gulf airline was keen to pick up stake in the low-cost Indian carrier, which now has the largest market share among all its competitors.
“We are keen to invest in IndiGo, if it (stake) is available. It is the most successful Indian carrier, the most cost-efficiently run Indian carrier and the most progressive one. We, as you know, always like to associate ourselves with success,” Al Baker said at the 70th annual general meeting of the International Air Transport Association (IATA) here. There was no word from IndiGo CEO Aditya Ghosh in response to the messages.
IndiGo has never earlier indicated anything about considering selling its stake, but its consistently profitable performance has attracted several major global airlines. A few months ago, there were reports that IndiGo could go public selling part of its stake. The company management, however, said that considering the positive financial situation, the airline had no immediate plans to bring in an Initial Public Offer to raise money.
Read news in full 02/06/14 PTI/The Hindu
The statement came from the Qatari national carrier’s CEO, Akbar Al Baker, when he was asked whether the Gulf airline was keen to pick up stake in the low-cost Indian carrier, which now has the largest market share among all its competitors.
“We are keen to invest in IndiGo, if it (stake) is available. It is the most successful Indian carrier, the most cost-efficiently run Indian carrier and the most progressive one. We, as you know, always like to associate ourselves with success,” Al Baker said at the 70th annual general meeting of the International Air Transport Association (IATA) here. There was no word from IndiGo CEO Aditya Ghosh in response to the messages.
IndiGo has never earlier indicated anything about considering selling its stake, but its consistently profitable performance has attracted several major global airlines. A few months ago, there were reports that IndiGo could go public selling part of its stake. The company management, however, said that considering the positive financial situation, the airline had no immediate plans to bring in an Initial Public Offer to raise money.
Read news in full 02/06/14 PTI/The Hindu
No comments:
Post a Comment