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No plan to invest in Indian airlines: IAG

No plan to invest in Indian airlines: IAG

The International Airlines Group, the sixth largest airline globally in revenue terms, said it did not have plans to invest in any Indian airline. Formed in January 2011, IAG is the parent company of British Airways, Iberia and bmi. This follows speculation that Delhi-based low-cost airline IndiGo was looking to tie up with British Airways.

Incidentally, the IAG statement comes within days of Qatar Airways Chief Executive Officer, Akbar Al Baker, categorically denying it is interested in investing in Spicejet or any other Indian airline.

Meanwhile, reports suggest that British Airways is in talks with India’s biggest carrier, IndiGo, over a ticketing and baggage sharing agreement.

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