Deals
Qatar Air Keen on $2 Billion Indigo Stake, Wants More of IAG
- Gulf carrier, excluded from Indian IPO, could seek 49% holding
- Sees case for bigger investment in British Airways owner
Qatar Airways Keen on $2 Billion Indigo Stake
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Qatar Airways said it’s keen to take a stake in Indian discount carrier Indigo once shares start trading following an initial public offering, after plans for a direct investment were frustrated by local regulations.
The second-biggest Gulf carrier could seek a maximum 49 percent of Indigo -- valued at $2 billion based on the IPO price -- to boost its exposure to one of the world’s fastest-growing travel markets, Chief Executive Officer Akbar Al Baker said Sunday in an interview at the Dubai Air Show.