|
|
|
Interested in buying stake in IndiGo, not AI: Qatar Airways
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 07 Nov, 2019
Qatar Airways currently has no plans to participate in Air India's
upcoming divestment process, however, the Doha-based airline evinced
interest in buying a stake in budget passenger carrier IndiGo.
According
to Qatar Airways Group Chief Executive Akbar Al Baker, the Doha-based
airline is interested in investing in IndiGo, but will wait till the
time the issues between the budget carrier's promoters are resolved.
He was speaking at an event here to mark the one-way codeshare agreement between Qatar Airways and IndiGo.
When
asked, whether Qatar Airways will be interested in participating in Air
India's upcoming divestment process, Al Baker replied: "We are not
interested in Air India. We are only interested in IndiGo."
Al Baker's remarks comes as IndiGo and Qatar Airways entered into a one-way codeshare agreement.
In
aviation parlance, a codeshare agreement allows two airlines to sell
seats on each others' flights in order to provide passengers with a
wider choice of destinations.
Accordingly, the one-way codeshare
deal between the two carriers will enable Qatar Airways to place its
code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad.
Currently,
Qatar Airways operates 102 weekly flights between Doha and 13
destinations in India, including Ahmedabad, Amritsar, Bengaluru,
Chennai, Delhi, Goa, Hyderabad, Kochi, Kolkata, Kozhikode, Mumbai,
Nagpur and Thiruvananthapuram.
Additionally, the airline's cargo
division -- Qatar Airways Cargo -- operates a total of 28 weekly
freighters to seven destinations in India. The top three cargo
destinations in India are Mumbai, Chennai and Ahmedabad.
On
IndiGo's part, this is the second codeshare agreement it has for
international markets. The Indian budget carrier already has a codeshare
agreement with Turkish Airways.
"This strategic alliance will
not only strengthen our international operations, but also boost
economic growth in India, by bringing in more traffic and heralding
opportunities for trade and tourism through seamless mobility," IndiGo's
Chief Executive Officer Ronojoy Dutta said.
At present, IndiGo
has a fleet of over 200 aircraft and offers close to 1,500 daily flights
and connects 60 domestic and 23 international destinations.
Qatar Airways currently operates a fleet of more than 250 aircraft to more than 160 destinations worldwide.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|