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KUALA LUMPUR (Reuters) - 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