Shorts

IndiGo offers to buy Air India and Air India Express

By NL Team

Published on :

After the government decided to sell its stake in Air India, IndiGo Airlines has offered to acquire the loss-making carrier, reported The Indian Express.

According to Business Today, the letter from IndiGo President Aditya Ghosh was sent to Minister of Civil Aviation Ashok Gajapathi Raju soon after the Cabinet gave its in-principle approval for the consideration of Air India’s disinvestment.

“Kindly treat this letter as our expression of interest in acquiring the international airline operations of Air India and Air India Express. Alternatively, we are equally interested in acquiring all of the airline operations of Air India and Air India Express,” Ghosh said in the letter.

An Economic Times report says that in a separate letter Ghosh told his employees that he will not go ahead with the acquisition if it is not profitable and jeopardises interests of the airline.

Earlier this month, the government cleared the disinvestment of the national carrier. Air India is said to have a debt of Rs 52,000 crore.

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