AirAsia has no plans to bid for Spicejet

Malaysian budget carrier AirAsia Berhad has dismissed speculation that it is bidding for struggling

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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.

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