IndiGo eyes Air India stake in possible privatisation

IndiGo has expressed unsolicited interest in buying a stake in Air India, the junior aviation minister said Thursday, a day after the cabinet approved plans to privatise the carrier. Several other airlines, domestic and international, have also expressed an interest in buying part of Air India, Jayant Sinha said. He did not name any of the other airlines. "They (IndiGo) have expressed an interest in the strategic divestment process," he said. "The process has just begun ... it's a very introductory interest." IndiGo owner InterGlobe Aviation confirmed an interest in buying the international operations of Air India and Air India Express to India's ministry of civil aviation. "Alternatively, we are equally interested in acquiring all of the airline operations of Air India and Air India Express," InterGlobe president Aditya Ghosh said. <br/>