IndiGo interested in acquiring bankrupt Virgin Atlantic Australia, says AFR
NEW DELHI : India’s largest domestic airline IndiGo is in the process of putting together a bid for bankrupt airline Virgin Australia, Australian publication Financial Review said in a report on Monday.
IndiGo – a low cost airline with 48 per cent market share in India – is in the Virgin Australia data room and seeking to put together an indicative proposal for administrator Deloitte, the report said.
IndiGo’s interest was in taking Virgin back to its roots as a low cost carrier, and look to return it to profitability by running a lean and mean operation, the report added quoting sources.
