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Wednesday, 13 May 2015

Qatar Air eyes stake in India’s IndiGo but wary on A380neo

Qatar Airways would be interested in buying up to 49 percent of India’s IndiGo though the owners of the sub-continent’s largest carrier by market share have no immediate plans to sell, the Doha-based airline’s chief executive said.

IndiGo, owned by hospitality and travel company InterGlobe Enterprises and founded in 2006 by entrepreneur Rahul Bhatia and ex-US Airways chief executive Rakesh Gangwal, is preparing to file a draft prospectus by May for a stock listing to raise $300 million to $400 million, sources told Reuters in March.
08/05/15 Reuters/Manila Bulletin

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