Singapore Airlines says that they are interested in making a bid for state-run fellow Star Alliance member Air India according to Reuters. India last week invited interested parties to bid for a stake in the carrier after the cabinet approved the sale last year. The terms allow a foreign investor to won up to 49% of the flag carrier.
“India is a strategic market for Singapore Airlines. We have an open mind,” David Lim, general manager for India, said in an interview when asked whether Singapore Airlines would bid.
Singapore operates 98 flights a week to India from Singapore, sends another 46 weekly flights to the country via its low cost Scoot unit, and jointly owns India full-service domestic carrier Vistara with Tata Group,
Reuters reports that other interested parties include IndiGo, InterGlobe Aviation, Tata Group, and Celebi Aviation Holdings.
Several companies have expressed an interest in buying some of Air India’s businesses, including low-cost Indian carrier IndiGo, owned by InterGlobe Aviation (INGL.NS), Tata Group and Turkey’s Celebi Aviation Holdings.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
