IndiGo CEO says airline has no interest in buying stake in Virgin Australia

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Ronojoy Dutta, Director and CEO of IndiGo on Monday denies media reports of its expression of interest (EOI) in Virgin Australia.

The Australian airline recently entered bankruptcy administration.

InterGlobe Aviation, which operates IndiGo, released a statement to stock exchanges on May 11.

Dutta in a press statement says “IndiGo We refer to certain media reports stating that IndiGo has expressed an interest in Virgin Australia. We deny the contents of these reports and would like to clarify that IndiGo has not formulated any indicative proposal, nor does it have any interest in this matter.

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Billionaire Richard Branson’s Virgin Australia is Australia’s largest airline after flag carrier Qantas.

The deadline to submit non-binding indicative offers for Virgin Australia is May 15.

A Reuters report on May 12 said 19 entities had expressed interest in buying the airline but did not mention IndiGo.

The airline entered voluntary administration last month, owing creditors nearly A$7 billion ($4.53 billion), and the administrators at Deloitte intend to close a deal with a buyer by the end of June, the report said.

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Airlines across the globe have been struggling since the COVID-19 outbreak and subsequent lockdowns have impacted air travel demand.

(With Inputs from Money Control)

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2 Comments

  1. Yes good news atleast. Can indigo confirm when domestic and international flight is planned for resuming operation . thank you.

  2. Shameless Airlines.. Even though, pocketing customer’s hard earned money illegally in the name of ‘credit shell’, these useless airlines do not give salary of their employees in the name of Corona. Shameless….

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