Qatar Airways in talks with IndiGo for buying stake

Qatar Airways on Tuesday said it is in talks with budget passenger carrier Indigo for buying a stake in the India-based airline.

"Qatar Airways confirms that the only airline it is talking to is the Indian carrier Indigo," the airline said in a statement.

Qatar Airways made the revelation as a rebuttal to recent reports that it is negotiating to buy stake in another low cost carrier (LCC) SpiceJet.

"This is to confirm that Qatar Airways is not in talks to pursue a commercial stake in SpiceJet," the statement said.

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

The Doha-based airline reported that it is not even planning to pursue any form of arrangement with SpiceJet in the future.

"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," the statement added.