No-frills airline SpiceJet has said that certain airlines from the Gulf have shown interest in picking up stake in the company. While the airline did not mention which Gulf aviation companies were keen on buying into SpiceJet, the company's chairman Ajay Singh said that they were not looking to dilute stake at this time.
Two leading Gulf airlines, Etihad Airways and Qatar Airways both have bought stakes in multiple airlines to expand their operations, routes and fleet.
The airline is in talks with Boeing and Airbus to buy more than 150 planes, Singh said on Sunday, predicting he would decide which manufacturer to place the order with by the end of March 2016.
Such an investment would cap a remarkable turnaround for India's second-biggest budget airline by market share, which came close to collapse late last year after running out of cash.
Singh subsequently bought back into the airline, acquiring a controlling stake. SpiceJet has reported profits in the past three quarters, having made losses in the five preceding quarters.
30/11/15 dna
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Two leading Gulf airlines, Etihad Airways and Qatar Airways both have bought stakes in multiple airlines to expand their operations, routes and fleet.
The airline is in talks with Boeing and Airbus to buy more than 150 planes, Singh said on Sunday, predicting he would decide which manufacturer to place the order with by the end of March 2016.
Such an investment would cap a remarkable turnaround for India's second-biggest budget airline by market share, which came close to collapse late last year after running out of cash.
Singh subsequently bought back into the airline, acquiring a controlling stake. SpiceJet has reported profits in the past three quarters, having made losses in the five preceding quarters.
30/11/15 dna
