India’s biggest airline, IndiGo expresses its deep interest in buying national carrier Air India, after the government gave the green signal to the disinvestment of the national carrier which is said to be under the huge debt of more than Rs 40,000 crores.
It was observed that a Union Cabinet meeting took place at the Prime Minister’s house in which the decision was taken place.
Arun Jaitley, Union Finance Minister said that the government is looking forward for stake sale in India.
It was reported that IndiGo which is also known as the Leading domestic carrier has indicated its concern over buying Air India’s flight operations, particularly for international services, as the airline is in the process to spread its wings.
Following this, Aditya Ghosh, IndiGo President has sent a letter to the Minister of Civil Aviation for acquiring the services.
The letter reads, “Kindly treat this letter as our expression of interest in acquiring the international airline operations of Air India and Air India Express. Alternatively, we are equally interested in acquiring all of the airline operations of Air India and Air India Express”.
Air India was originally owned by Tata Group, before becoming a nationalized Air India in 1953.
For a decade, Air India has been suffering from huge losses and has been under the debt of over Rs 52,000 crore.