Global airline majors lukewarm to acquiring stake in Air India

The govt’s move to divest stake in Air India seems to have evoked a lukewarm response from the global airline majors. While Emirates said that it does not intend to acquire equity in Air India, SIA said that it does not comment on any “specific investment opportunities including India.” A spokesperson for Air France KLM refused to comment on the airline’s position, and Monday evening. Ronojoy Dutta, CE of IndiGo said “No comments” when asked whether IndiGo will participate in Air India’s divestment. These responses come less than 24 hours after the govt released the Preliminary Information Memorandum inviting entities to acquire a 100% stake in Air India and Air India Express and a 50% stake in Air India SATS Airport Services. <br/>