British Airways owner says Air India bidding a risk at this stage

The remark was made a month before the release of the information memorandum for sale of the government's 76 per cent stake in Air India

International Airlines Group’s (IAG) bid for Air India is doubtful given its concerns over restructuring and government control of the national carrier.

IAG, which owns British Airways, has called its participation in the bidding process for Air India as a speculation. The group’s Chief Executive Officer William Walsh, had earlier denied interest in Air India in a post-result conference call in February. 

With reference to Air India, Walsh said it would be a risk that would not be justified at this stage. The remark was made a month before the release of the information memorandum for sale of the government’s 76 per