SpiceJet is not bidding for Air India stake

Ajay Singh, Chairman, SpiceJet, has confirmed that the airline will not bid for any stake in the process of privatisation of Air India. Speaking at the recently-concluded CAPA India Aviation Summit 2018 in Mumbai, he said, “We are just too small to bid for Air India. We may not be the appropriate candidate for this. Vistara and Singapore Airlines will probably do it. Conceptually, we are too small for this. Nevertheless, it’s a great asset and a fantastic brand.”
Speaking about government’s move to privatise the national airline, Singh added, “The government has taken an appropriate decision and the reason for that is not lack of performance. I think we had some really great managers at Air India. Problem is the government system itself. If Air India is required to take every decision through a tender process, it is almost impossible to function. Either you need to allow them to run like a private operator or sell it to a private operator. .”
He also confirmed that SpiceJet will expand its international routes albeit without mentioning any destinations. CAPA acknowledged his effort in turning around the airline over the last 32 months.