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AirAsia says has no plans to bid for India's Spicejet

Source : REUTERS
Last Updated: Mon, Nov 26, 2012 12:30 hrs

KUALA LUMPUR, Nov 26 (Reuters) - Malaysian budget carrier AirAsia Berhad has dismissed speculation that it is bidding for struggling Indian airline SpiceJet Ltd.

"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)




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