HNI Commodity Pack, IndiGo may buy stake in Jet Airways if Air India bid fails

InterGlobe Aviation Ltd-run IndiGo is convinced there is an opportunity for a large India-based airline with a significant international footprint and may consider investing in Jet Airways (India) Ltd if it fails to acquire a stake in Air India, a person briefed on the airline’s strategy said on condition of anonymity.


And as it grows, the airline will focus on finding the kind of managers who have the required expertise to run a large airline by global standards, even if it means changing some of its current senior management team, this person added.

IndiGo, run by billionaire aviation entrepreneurs Rahul Bhatia and Rakesh Gangwal, was the first to send in its interest, unsolicited, in Air India to the government, the day the latter decided to sell a stake in the state-run airline.

Get Stock Market Tips, Commodity Tips and more click here to get your offers @@ http://www.ripplesadvisory.com

No comments:

Post a Comment

Designed with by Way2themes | Distributed by Blogspot Themes