With government planning to privatize Air India this year itself, the budget airline IndiGo has come out with clarification that it is not racing for an Air India bid.
It need be mentioned that the news reports have been consistently naming the budget carrier and also that it might form a consortium with Qatar Airways to jointly bid for Air India.
Ever since the government cleared a proposal to sell state-run carrier, several companies have expressed an interest in buying some of its businesses.
It was in January of this year that the government gave its nod for a proposal to allow foreign investors to own up to 49 per cent of Air India.
So far, it is said, InterGlobe Aviation, Tata Group and Turkey’s Celebi Aviation Holdings have expressed an interest in acquiring the carrier since then. >