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Tue 28 Jul 2015 03:14 PM

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Qatar Airways denies interest in SpiceJet stake deal

Doha carrier says stake sale comments are 'unfounded'; confirms talks are ongoing with India's Indigo

Qatar Airways denies interest in SpiceJet stake deal

Qatar Airways on Tuesday issued a statement to deny recent media reports linking it to a possible stake deal with Indian budget carrier SpiceJet.

The Doha airline said it is not in talks to pursue a commercial stake in SpiceJet. "There is no interest from the airline to engage in a partnership with the Gurgaon-based airline," it said in the statement.

It did, however, confirm that it is talking to is the Indian carrier Indigo, without giving further details about any potential deal.

Claims have also being made in news reports that a consensus has been reached regarding an interline agreement, and that negotiations are set to continue in the near future.

The statement added: "Qatar Airways presently does not have any form of interline agreement with SpiceJet, which is the simplest form of relations between any two airlines, and Qatar Airways is not planning to pursue any form of arrangement in the future.

"This is not the first time that such claims have been made.  Similar news was disseminated in January 2013, and this appears to be a tactic to increase market and share value.

"These stake sale comments are unfounded and are believed to be deliberately spread to influence share valuations."

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