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Qatar Airways denies talks of investment in Indian carriers

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ETW STAFFMumbai

Qatar Airways has issued a statement denying speculation that the airline is investing in any of Indian carriers. Akbar Al Baker, chief executive officer Qatar Airways said, “Qatar Airways categorically denies it is interested in investing in SpiceJet or any other Indian airline.  This is pure speculation by individuals who deliberately want to spread such unfounded rumours to raise the stock value of their entities.”

“India is a huge market and a potentially lucrative one. While we have expressed interest in expanding our presence in India, we will only be interested in any potential investment once we are sure regulations and laws are properly liberalised.  I can confirm we are currently not talking to any Indian airline,” stated  Baker.

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