IndiGo has already shown interest in Air India privatization. Well, Others like Jet Airways, TATA Who runs Vistara and Spicejet are in also in race too for Air-India.
But Indigo seems to be best fit for this Transaction. Because Indigo Has really an edge over market share and running airline business effectively compared to his peers. So any Expatiation will be positive for Indigo.
Air-India having Huge Debt, Don't know with what term and cost of acquisition will be for Indigo to acquire stack in Air-India.
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