IndiGo and Qatar likely to make a joint bid for Air India
Updated : April 12, 2018 04:51 PM IST
Low-cost carrier IndiGo is likely to make a bid along with Qatar’s national carrier, Qatar Airways, in a consortium for Air India
According to Bloomberg data, IndiGo’s net worth at the end of FY17 was Rs 3,779 crore ($583 million), while Qatar Airways had a net worth of $15.8 billion at the end of FY16. Qatar has a fleet of 200 aircraft and flies to 150 destinations.
For IndiGo, acquiring Air India will be a game changer