IndiGo Airlines Pvt. Ltd., a low-fare Indian carrier, denied Monday reports it is in talks to sell a stake or merge with another domestic airline company.
Indigo's statement came after local media reports the airline has been in talks with rival budget carrier SpiceJet Ltd. to form an alliance or sell a stake.
“As a matter of company policy, we do not comment on market rumors,” IndiGo President Aditya Ghosh said in the statement. “However, on this occasion, we feel it is necessary to categorically state that there is absolutely no truth or basis to any of these rumors, market speculation or media reports.”
Spicejet spokeswoman Deepa Dey declined Friday to comment on the reports.
IndiGo, run by InterGlobe Enterprises Ltd., has a fleet of 19 Airbus A320 aircraft. It operates 125 daily flights to 17 destinations.
Source: WSJ