MUMBAI: Ajay Singh, the chairman of low-cost carrier Spicejet, has ruled his airline out of the race for the privatisation-bound Air India saying, “we are too small to bid for a large airline like the national carrier.”
Addressing the annual aviation summit organised by industry consultancy Capa here today, he said, “Air India is a national asset and I am pretty that sure there will be many takers for it like the Tata-Vistara, Jet Airways, etc. But we are too small to to bid for such a large asset,” reports PTI.
The denial came at the same venue where Capa has named four domestic carriers including Spicejet as possible bidders for the debt-laden national carrier. Others suitors, according Capa, are the Tatas-run Vistara, Jet Airways, and IndiGo
Interestingly, Singh had told PTI last week that he would evaluate the Air India privatisation.
Parrying a direct answer he had said in an interview with PTI in Davos last week that “Abhi dekhte hain (Let’s see),” when asked if he would look at the Air India stake.
The Capa report also said two non-aviation overseas players are keen on the airline but did not name them. On the Air India privatisation, Capa India head Kapil Kaul said bids are likely to be out middle of next month and the process may be over by July.