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Friday, 7 July 2017

Shares of InterGlobe Aviation, the company operating low-priced carrier IndiGo, operator swayed between the red and green zone as the company said that it is not interested in any joint venture with the government if the company buys stakes in Air India’s operations.

The company in a conference call with its shareholders said that with or without Air India, they are planning to foray into low-cost, long-distance international flights.

IndiGo is only interest in Air India’s international operations and low-cost subsidiary Air India Express, founders Rahul Bhatia and Rohit Gangwal said on Thursday.

A merger with Air India would help consolidate IndiGo’s position as the country’s biggest airline with a domestic market share of 54.2% and a total fleet of 283 registered planes.

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