Qatar Airways, contrary to what a media report said, has denied it is in discussion to invest in Jet Airways.
The report said Jet Airways Chairman Naresh Goyal and his son Nivaan gave a presentation to the Qatar Airways management this week following a collapse of negotiations with its strategic partner Etihad Airways.
Qatar Airways has denied any such meeting has taken place.
“What you are hearing is incorrect,” a top executive of Qatar Airways told Business Standard.
Qatar Airways group chief executive officer Akbar Al Baker had in January ruled out investing in Jet till Etihad continued to hold a stake in the airline. “We would definitely look at it (Jet Airways) if a 24 per cent stake was not held by Etihad. How can I take a stake in an airline which is owned by our adversary,” Al Baker had said.
