Qatar Airways says it’s keen on buying a stake in IndiGo - The Economic Times

Qatar Airways says it’s keen on buying a stake in IndiGo - The Economic Times:



"Qatar Airways CEO Akbar Al Baker made a pitch for a stake in IndiGo, India's largest passenger carrier by market share, marking a reversal of his earlier stand and suggesting that he would be keen on following the strategy of Abu Dhabi's Etihad, which acquired 24% of Jet AirwaysBSE last year.



IndiGo, which flew nearly one-third of India's domestic air passengers in the year ended March and is the country's best-performing carrier, declined to comment on the matter.



"We will always be open to opportunities in India," Al Baker said on Monday at the Arabian Travel Market in Dubai. "We are very interested in IndiGo if there is something available." But then he also added that IndiGo is "performing very well" and he didn't think the carrier would be interested. When asked about his interest in Indian carriers last year, Al Baker had said: "I don't have so much money to buy stakes in airlines." A person close to the IndiGo leadership said no discussions have taken place with Qatar Airways and that the carrier doesn't need cash.
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