Not interested in Air India, says Emirates

Lufthansa, SIA decline to comment

January 28, 2020 10:17 pm | Updated 11:02 pm IST - NEW DELHI

Photo for representational purposes only

Photo for representational purposes only

Dubai-based airline Emirates on Tuesday said it was not interested in buying stake in Air India, a day after the Indian government solicited interest for 100% sale of the national carrier.

“Through our partnerships with SpiceJet and Vistara, our customers have access to an extensive network of cities across India. We do not intend to acquire equity in Air India as we are currently focused on our own organic growth,” the airline said in response to an email query.

It added, “our journey in India has been defined by progressive investment, partnership and growth. We started with two direct routes to Mumbai and Delhi, and now offer 170 weekly services to nine cities. We remain committed to support India’s vision for the tourism and aviation sectors.”

European full-service carrier Lufthansa as well as Singapore Airlines declined comment on the privatisation of Air India.

“Singapore Airlines does not comment on any specific investment opportunities, including in India,” a spokesperson said.

Lufthansa’s spokesperson told The Hindu , “We don’t comment on speculation.” Interested bidders have time until March 31 to submit their interest for Air India, following which financial bids will be sought. The government has decided to absorb 60% of the ₹60,074 debt incurred by the airline, leaving the potential buyer with ₹23,286 crore debt to take on.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.