This cozy airline carve-up is a pandemic chimera

Venturing abroad: IndiGo, India’s biggest budget airline, has Rahul Bhatia as an investor. Bhatia has his eye on Virgin Australia, which has gone into administration. — Bloomberg

WHAT do you get for the airline magnate who has everything? If he knows what’s best for him, the answer isn’t “another airline.”

Rahul Bhatia, the biggest shareholder in India’s biggest carrier, InterGlobe Aviation Ltd, is evaluating data and considering a bid for Virgin Australia Holdings Ltd, a person familiar with the matter told Bloomberg News.