Dubai: IndiGo, the Indian low cost carrier, said on Wednesday it is preliminary discussions with Qatar Airways to explore potential marketing arrangements between the two airlines but that its not in talks to sell a stake to the Doha-based airline.
“IndiGo is in preliminary discussions with Qatar Airways to explore potential marketing arrangements based on mutual interests. News reports about any possibility of Qatar Airways acquiring a stake in IndiGo are completely baseless. We wish to confirm that there is no discussion, leave alone negotiation about any potential equity or other financial investment by Qatar Airways in IndiGo,” a statement from the airline said.
On Tuesday, it reportedly told Reuters IndiGo is the only airline it is talks with in a statement dismissing reports it was interested in investing in other Indian low cost airline SpiceJet. Doha-based Qatar Airways has long said it is interested in buying a stake in the airline. In May, Akbar Al Baker, Qatar Airways chief executive, would be interested in buying up to 49 per cent of IndiGo, although said at the time that no talks had taken place.
