Malaysian budget carrier AirAsia Berhad has dismissed speculation that it is bidding for struggling airline SpiceJet.
"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.
Copyright @ Thomson Reuters 2012
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
