IndiGo evinces interest in Air India stake sale: Minister

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NEW DELHI : The government on Thursday said that the budget passenger carrier IndiGo has shown interest in  participating in the stake sale of flag-carrier Air India. "There has been interest shown for Air India. IndiGo has approached the ministry with a formal expression of interest proposal," Civil Aviation Minister Ashok Gajapathi Raju told IANS. "Other airlines have also shown interest in Air India. But they have not submitted any formal proposals yet."

 

Regarding a proposal from the Tata Group to buy a stake in the national passenger carrier, the Minister said that he was "not aware of any such proposal".

Raju said that the Union cabinet approved panel which will look at various options for Air India's divestment, will take the best decision for the airline's financial health.

 

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