Mumbai: Southern regional carrier Air Costa Friday denied reports that it is in talks with Qatar Airways for a stake sale.
"Like every company, we are on the lookout for funds. But this news of talks with Qatar Airways is incorrect. We haven't appointed any banks or even consultants for this. How can serious talks take place without all this. And why would a carrier like Qatar talk to a regional carrier like Air Costa without these representatives," Kavi Chaurasia, vice president, marketing at the airline, told ET.
A news report had last week said Air Costa may sell a 26% stake to Doha-based Qatar Airways. Qatar has been keen for a strategic tie-up in India and has publicly been wooing IndiGo for the same. It has in the past however denied rumours of similar talks with SpiceJetB. A Qatar spokesperson on Thursday said it may respond to the report on talks with Air Costa on Monday.
To Read the News in Full 12/08/16 Anirban Chowdhury/Economic Times
"Like every company, we are on the lookout for funds. But this news of talks with Qatar Airways is incorrect. We haven't appointed any banks or even consultants for this. How can serious talks take place without all this. And why would a carrier like Qatar talk to a regional carrier like Air Costa without these representatives," Kavi Chaurasia, vice president, marketing at the airline, told ET.
A news report had last week said Air Costa may sell a 26% stake to Doha-based Qatar Airways. Qatar has been keen for a strategic tie-up in India and has publicly been wooing IndiGo for the same. It has in the past however denied rumours of similar talks with SpiceJetB. A Qatar spokesperson on Thursday said it may respond to the report on talks with Air Costa on Monday.
To Read the News in Full 12/08/16 Anirban Chowdhury/Economic Times
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