AirAsia says has no plans to bid for Spicejet

Last Updated: Mon, Nov 26, 2012 12:40 hrs

KUALA LUMPUR (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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