 "Not strong enough to take on a gamble: SpiceJet chief on AI buyout")
SpiceJet chairman and managing director Ajay Singh on Friday said the airline was not keen on buying out Air India at present, as it is "not strong enough to take on a gamble" even though he considered the state-owned air carrier a "good asset".
Rival and market leader IndiGo has already written to the government showing its keenness to buy out the national carrier's flight operations, particularly the international services, with the Union cabinet giving its in-principal nod for the divestment of Air India.
Singh said despite the huge turnaround the airline had witnessed since it nearly shut down two-and-a-half years ago, it was not in a position to stake its claim on Air India.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%