No plan to invest in India, says International Airlines Group

New Delhi, Jan. 22:  

The International Airlines Group, the sixth largest airline globally in revenue terms, said it had no 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. IndiGo officials, however, denied any move to tie up with BA.

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, Reuters reports that British Airways is in talks with IndiGo over a ticketing and baggage sharing agreement, quoting a source with direct knowledge of the discussions.

http://www.thehindubusinessline.com/todays-paper/no-plan-to-invest-in-india-says-international-airlines-group/article4333529.ece