Interested in buying stakes only in IndiGo, not Air India: Qatar Airways CEO
Mumbai : Qatar Airways is only interested in buying stakes of IndiGo and not Air India, said its CEO on Thursday.
Qatar Airways CEO Akbar Al Baker added that he is interested in buying a stake in IndiGo but this is not the right time as issues among promoters are yet to be resolved.
On Thursday, IndiGo and Qatar Airways signed a one-way codeshare agreement under which the latter would be able to book seats on the former's flights on certain specific destinations.
"We have no interest in buying stake in Air India. Interested in buying stake in IndiGo, but this is not the right time as issues among promoters are yet to be resolved," said Qatar Airways CEO Akbar Al Baker.
With around 48 per cent share in domestic air passenger market, IndiGo is India''s largest airline. IndiGo promoters - InterGlobe Enterprises and Rahul Bhatia - have sought arbitration proceedings in London against the backdrop of differences with co-promoter Rakesh Gangwal.