India’s biggest airline, IndiGo, has expressed unsolicited interest in buying a stake in state-owned Air India, the junior aviation minister said on Thursday, a day after the cabinet approved plans to privatize the carrier.
Several other airlines, domestic and international, have also expressed an interest in buying part of Air India, Jayant Sinha told reporters. He did not name any of the other airlines.
“They (IndiGo) have expressed an interest in the strategic divestment process,” he said. “The process has just begun ... it’s a very introductory interest.”
IndiGo owner InterGlobe Aviation confirmed late on Thursday that it had sent a letter expressing an interest in buying the international operations of Air India and Air India Express to India’s ministry of civil aviation earlier in the day.
“Alternatively, we are equally interested in acquiring all of the airline operations of Air India and Air India Express,”InterGlobe President Aditya Ghosh said in the letter, a copy of which was sent to the stock exchange.
Several airlines, domestic and international, have expressed an interest in buying part of Air India. (File photo: AP))