There were rumours of a joint bid by Qatar Airways and IndiGo to take over India’s national carrier Air India recently. However, the airline has shrugged of the report and confirmed that it was not interested in a joint bid for Air India, which the Indian government is looking to sell.
“We’re aware of the reports in India, but we aren’t interested in the bid. We deny the report that we’re making a bid on Air India along with IndiGo,” a Qatar Airways spokesperson told.
The Indian government has approved to sell the debt-run Air India. Various companies have shown interest in buying some of its businesses, according to media reports in India.
The government has given its nod for foreign investors to own up to 49% of Air India. InterGlobe Aviation, Tata Group and Turkey’s Celebi Aviation Holdings have expressed an interest in acquiring the carrier since then.
According to reports, Air India has six subsidiaries – three of which are loss-making — with assets worth about $4.6bn. It has an estimated $1.24bn worth of real estate, including hotels.
The government has pumped in $3.6bn since 2012 to rescue the airline, but the debts have just increased and has now touched $8.5bn.