by Devesh Agarwal
Doha based Qatar Airways denied any interest in investing in any carrier in India at present.
Qatar Airways Chief Executive Officer Akbar Al Baker 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.”
Qatar Airways issued this statement after rumours linking it to SpiceJet came out, causing a huge bump in the latter’s share prices.