IndiGo’s Stocks Rise Amid Reports Of Soon To Be Announced  Strategic Code-Share Partnership With Qatar AirwaysRepresentative image of an IndiGo aircraft (@esynckumar/Twitter)

IndiGo, the country's largest private carrier, is all set to announce a strategic code-share partnership with Qatar Airways, months after it put on hold active discussions in the matter.

The two carriers are expected to announce the details of the partnership on Thursday (7 November).

"About 5-6 months back, IndiGo and Qatar Airways were actively discussing a code-share partnership. In between, IndiGo announced code-share with Turkish Airlines. Now, it seems they have finalised the deal with Qatar Airways," said an industry executive.

The development assumes significance in the wake of the government move to sell Air India and the two airlines may jointly bid for the national carrier.

The market has also been rife with speculation about Qatar Airways buying a stake in IndiGo. Ever since IndiGo became eligible to fly overseas, it has been aggressively expanding its flight and frequency on foreign routes.

A marketing or deeper alliance with Qatar Airways will lend it better connectivity. To Qatar Airways, it would offer a deeper penetration in the Indian market.

Investors seem aware of the benefit of the partnership as IndiGo stock rose 1.77 per cent on the BSE to Rs 1,461.45 a piece on Tuesday.

IndiGo reported a net loss in the September quarter at Rs 1,066 crore from Rs 652 crore in the same period last year.

The airline remains bullish despite the losses. It last week placed firm order to purchase 300 more Airbus 320 family aircraft.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement