financetom
Business
financetom
/
Business
/
Qatar Airways not interested in buying Air India, says CEO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Qatar Airways not interested in buying Air India, says CEO
Aug 27, 2019 7:20 AM

Qatar Airways is also not interested in buying Air India in an upcoming government sales process, the airline’s chief executive told Reuters on Tuesday.

Akbar Al Baker was speaking at a function to announce the launch of flights from Doha to the Malaysian island of Langkawi from October.

Al Baker’s comments come as the Indian government is making a fresh attempt to sell stake or even completely exit Air India.

The government failed last year in its attempt to sell a 76 percent stake in Air India due to a lack of interest from bidders who said they found some of the stake sale terms too onerous, making it a non-starter. It is now redrawing the stake sale plans and as part of the effort it has hived off some of the loss-making airline's debt of $8.5 billion.

READ ALSO: Air India unlikely to receive immediate relief from government

The government may now consider selling up to a 100 percent stake in the airline, a government official told Reuters in July, adding that it expects to get 150 billion rupees ($2.1 billion) from selling the airline.

Al Baker had previously told The Economic Times that his airline would be interested in Air India only if it comes without the ‘baggage’. He was not referring to airline’s debt but functions such as ground handling, engineering etc, he told the newspaper.

The government has for years propped up the debt-laden airline by infusing equity to keep it alive.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Corpay Q2 Adjusted Earnings, Revenue Rise; 2024 Outlook Updated
Corpay Q2 Adjusted Earnings, Revenue Rise; 2024 Outlook Updated
Aug 7, 2024
04:43 PM EDT, 08/07/2024 (MT Newswires) -- Corpay ( CPAY ) reported Q2 adjusted earnings late Wednesday of $4.55 per diluted share, up from $4.19 a year earlier. Analysts surveyed by Capital IQ expected $4.51. Revenue in the quarter ended June 30 rose to $975.7 million from $948.2 million a year earlier. Analysts surveyed by Capital IQ expected $975.4 million....
Thinkific Swings to a Second-Quarter Profit as Revenue Rises 12%
Thinkific Swings to a Second-Quarter Profit as Revenue Rises 12%
Aug 7, 2024
04:43 PM EDT, 08/07/2024 (MT Newswires) -- Thinkific ( THNCF ) after hours on Wednesday reporting it swung to second-quarter profit on higher revenue. The cloud-based software platform said it earned US$0.9 million, or US$0.01 per share, in the period, compared with a loss of US$2.1 million, or US$0.03, last year. Revenue increased 12% to US$16.2 million, within Thinkific's (...
--Digital Realty Trust Keeps Quarterly Dividend at $1.22 a Share, Payable Sept. 30 to Holders on Sept. 13
--Digital Realty Trust Keeps Quarterly Dividend at $1.22 a Share, Payable Sept. 30 to Holders on Sept. 13
Aug 7, 2024
04:41 PM EDT, 08/07/2024 (MT Newswires) -- Price: 147.15, Change: +0.01, Percent Change: +0.01 ...
McKesson Fiscal Q1 Adjusted Earnings, Sales Rise; FY EPS Guidance Boosted; Shares Fall After Hours
McKesson Fiscal Q1 Adjusted Earnings, Sales Rise; FY EPS Guidance Boosted; Shares Fall After Hours
Aug 7, 2024
04:43 PM EDT, 08/07/2024 (MT Newswires) -- McKesson (MCK) reported fiscal Q1 adjusted earnings late Wednesday of $7.88 per diluted share, up from $7.27 a year earlier. Analysts polled by Capital IQ expected $7.21. Revenue in the quarter ended June 30 rose to $79.28 billion from $74.48 billion a year earlier. Analysts surveyed by Capital IQ expected $82.6 billion. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved