Indigo eyes stakes inAir India, indicates interest to Aviation Ministry
The Aviation Ministry on Thursday said that the InterGlobe Aviation has expressed interest in buying stakes in the debt-ridden national carrier, Air India.
The Ministry also said that it expects more airlines to express interest in buying Air India’s stakes.
“Indigo has formally written to us showing interest in Air India. IndiGo can bid for Air India once formal bid opens,” Aviation Secretary R N Chaubey said.
Earlier on Wednesday, the Union Cabinet gave an in-principle nod for divestment of the debt-burdened Air India.
“Air India has a debt of Rs 50,000 crore. Its valuation of aircraft’s will be at Rs 20,000-25,000 crore. The civil aviation ministry is exploring all possibilities,” said Finance Minister Arun Jaitley on Wednesday.
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Via:: Stock – India Infoline