The stock of InterGlobe Aviation, which operates India’s largest airline under the IndiGo brand, gained one per cent after the promoters outlined their interest in tapping international markets via, if it was for sale, the international operations of Air India (AI).
Founder promoters Rahul Bhatia and Rakesh Gangwal, in a conference call, said they’d proceed with bidding for AI’s international operations only if confident of turning around the government-owned airline’s network. Analysts say they’d have to wait, as it is not known whether AI’s international operations would be carved out as a separate entity or sold by the government without