Latest News – Just a day after the Union Cabinet cleared a proposal to allow the sale of government stake in Air India, IndiGo Chief Executive Aditya Ghosh wrote to the aviation ministry expressing his airline’s interest in Air India, primarily its international business.
However, the market did not take it well. After the piece of news pummelled the stock prices of InterGlobe Aviation, the company that owns IndiGo, the promoters were last week forced to organise an investors’ call.
In the hour-long call co-founder Rakesh Gangwal explained that the airline was planning to enter the long-haul international market on a low-cost model, with or without Air India. Surely, however, buying out Air India – provided it is (Read More)