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FINANCIAL NEWS
Qatar Airways to purchase stake in IndiGo
29 Jul 2015
(MENAFN) Qatar Airways plans to buy a stake in IndiGo, India’s biggest carrier, which will expand the Gulf carrier’s foothold in one of the world’s fastest growing aviation markets.
The Qatari carrier said that the only airline it is negotiating with is IndiGo, denying Indian local media reports that it was holding talks with SpiceJet Ltd.
InterGlobe Aviation Ltd, the owner of IndiGo, filed a draft red herring prospectus in last June to sell shares in an initial public offering.
Due to low fares and economic growth, IndiGo find first-time fliers and it is now the number one airline in the world’s second-most populous country.
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