News
Qatar Airways keen on stake in IndiGo
June 10th 2014
"We are keen to invest in IndiGo, if [a stake] is available. It is the most successful Indian carrier, the most cost efficiently run Indian carrier and the most progressive one. We, as you know, always like to associate ourselves with success," Al Baker said at the 70th IATA AGM in Doha. Read More »
The move would vastly increase Qatar Airways’ network on the subcontinent, but some analysts say Qatari national carrier’s premium image could suffer if it paired with low-frills carrier, IndiGo.
IndiGo surprised the aviation world in 2011 when it placed firm orders for 180 A320s, including 150 A320neo. The Gurgaon-based airline leads the domestic market with a 31.6% share. Jet Airways Group comes second with a 21.8%, followed by Air India and Chennai-based LCC, SpiceJet, with 18.3% and 17.9%, respectively.
