Will not pursue Air India bid if not profitable: Indigo President Aditya Ghosh assures employees

Having joined the race to buy out Air India, IndiGo President Aditya Ghosh has told employees that it will not embark on the journey if it is not profitable and jeopardises interests of the airline.

Making its intention clear to become a world-class international carrier, IndiGo became the first airline to formally express interest in loss-making Air India soon after the government decided on its disinvestment even as the modalities are being worked out. IndiGo, the country’s largest airline with a domestic market share of a little over 41 per cent, is keen on snapping up the international operations of Air India as well as its profitable low-cost arm Air India Express.

As an alternative, the budget carrier is “equally interested” in buying out all the operations of Air India and Air India Express, according to the letter sent by Ghosh to the civil aviation ministry. After showing its interest in Air India disinvestment — a development which was first announced by the ministry — Ghosh wrote to IndiGo staff listing out the reasons behind the move and sought to assure them that every action would be in the best interest of the airline. “Let me be very clear that if it …read more