Qatar Airways is not interested in buying a stake in Indian budget carrier SpiceJet Ltd (SPJT.BO) or any other Indian airline, its chief executive said, quashing media reports that the Gulf carrier was in talks for a potential investment.
Shares in India's SpiceJet Ltd (SPJT.BO) rose by as much as 8.5 percent on Tuesday after the Times of India reported the budget carrier was close to selling a stake to a foreign carrier, which it said was most likely to be Qatar Airways.
In a statement on Tuesday, CEO Akbar al-Baker denied it was involved in any discussions for a possible investment.
Qatar Airways denies talks to buy SpiceJet stake | Reuters
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