Qatar Airways Group’s chief executive Akbar Al Baker addressed the media today stating that the airline is very keen on investing in InterGlobe Aviation Ltd- owned IndiGo, but “we are not interested in Air India”.
IndiGo and Qatar Airways are likely to announce a codeshare partnership.
— Shivam Vahia (@ShivamVahia) November 5, 2019
Baker, addressing a press conference on Thursday to announce a codeshare agreement between Qatar Airways and IndiGo, said that the codeshare agreement between the two airlines will fuel the Indian carrier’s overseas ambition and improve traffic from the fast-growing Indian air travel space to the Gulf carrier’s networks.
This being the second codeshare agreement for IndiGo as part of its growth strategy into international markets, The shares of InterGlobe Aviation rose 1.45 per cent on the BSE. IndiGo chief executive Ronojoy Dutta, said:
“ We are confident of a successful partnership, as we extend our signature on time, courteous and hassle-free service experience to the passengers of Qatar Airways. These are exciting times for the aviation industry and it is our commitment to remain focused on building one of the best air transportation system in the world”.
IndiGo and Qatar’s relationship will boost economic growth in India.
As Qatar Airways will be placing its code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad as part of the agreement, Baker states that the Gulf airline is very proud to have secured this strategic partnership, as this agreement will help strengthen the relationship between Qatar and IndiGo boosting economic growth in India by bringing in more traffic for trade and tourism through seamless mobility.
— Qatar News (@qatarnews) November 7, 2019
With the collapse of Jet Airways in April 2019, IndiGo’s Market share jumped to 48.2 per cent from 47 per cent in August. As on October, the airline continued its market dominance, carrying nearly one in every two passengers.
However, Qatar Airways is not the only west Asian airline showing interest in Indian Carriers. The chief of FlyDubai also announced its India flight expansion plans previously. Ghaith Al Ghaith, chief of FlyDubai, added: “I think it would be a brilliant thing to build a partnership either through investment or code-sharing, as UAE and India have a lot going for them”.