KUALA LUMPUR Malaysian budget carrier AirAsia Berhad AIRA.Kl has dismissed speculation that it is bidding for struggling airline SpiceJet Ltd (SPJT.BO).
"AirAsia rejects the speculation surrounding our possible expansion in India. These reports are completely incorrect," AirAsia Group CEO Tony Fernandes said in a statement.
"AirAsia has not submitted a bid for the Indian budget carrier, and has no intention of doing so," he added.
(Reporting By Siva Sithraputhran; Editing by Helen Massy-Beresford)
Trending On Reuters
Ready for Rate Hike
Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article