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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
IndiGo , Virgin Australia , airlines ,

Next In Business News

Genting to be included in three FTSE4Good indices, effective Dec 22
Vantris Energy posts RM4.27bil quarterly profit following restructuring
EPMB boosts Melaka plant capacity to 30,000 units with Phase 2 launch
Gemas-Johor Bahru double-tracking project proves capability of local workforce
F4GBM Index expands with 26 constituents, F4GBMS Index adds 24
Guan Huat Seng signs IPO underwriting agreement with TA Securities
Ringgit jumps to 4.10 against greenback, highest in four and a half years
Oasis Harvest to acquire 80% of Contagious for RM900,000
Upgrade of Malaysia's illicit finance rating reflects whole-of-nation effort, says BNM Governor
AGX proposes one-for-four bonus issue of 108 million warrants

Others Also Read