Thursday, July 28, 2016

SpiceJet sets up unit for consumer merchandise business

New Delhi: No-frills airline SpiceJet today said it has incorporated a subsidiary that will focus on consumer merchandise and goods business.

The move is expected to help the carrier in diversifying its revenue streams.

The wholly-owned subsidiary 'SpiceJet Merchandise Private Limited' would engage in business of various goods including readymade apparels, through various channels.

In a regulatory filing, SpiceJet said the arm would "engage in the business of consumer merchandise and goods that will include electronic items, readymade apparels, accessories etc."

27/07/16 PTI/Economic Times
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