After Sahara, Jet eyes SpiceJet

India`s largest private airline Jet Airways is eying to pick up a stake in Delhi-based budget carrier SpiceJet, reports Business Standard.
It is said that the company is eying Royal Holding Services and Istithmar PJSC stake, each hold around 13% in the airline.
Investment bankers of both the companies are likely to have discussions next week on this issue.
SpiceJet Director Ajay Singh denied any such developments, saying they are not looking for further equity dilution. Even Jet Airways CEO Wolfgang Prock-Schauer denied saying that no talks were in progress with SpiceJet.
Acquiring SpiceJet will help Jet Airways push its market share to 37.5%. It will also provide it with excellent domestic coverage and better synergizes.
15/06/07 Myiris.com

To Read the News in full at Source, Click the Headline

Categories: Jet Airways Jun 2007, SpiceJet Jun 2007