JetLite sees synergy with SpiceJet: Saroj Datta

Jet Airways thinks there is plenty of operational synergy between its low-cost airline JetLite and SpiceJet.
Speaking to Business Standard, Jet Executive Director Saroj Datta said: "SpiceJet and JetLite are an absolute fit in so far as their business models are concerned."
Commenting on the possibility of another consolidation that is "waiting to happen in the aviation industry", Datta said consolidation is inevitable but the scope is limited. The three smaller airlines - SpiceJet, IndiGo and GoAir - offer limited scope to bigger carriers. But within them, SpiceJet seems to be a better fit.
JetLite has a 7.1 per cent market share and SpiceJet 10.3 per cent.
Datta's comments come soon after those of Jet Chairman Naresh Goyal, who had said he is not averse to buying another airline if it is in the interest of the shareholders. Datta, however, refused to elaborate on whether any talks are on with SpiceJet.
Siddhant Sharma, SpiceJet CEO, said the airline has not received any feelers from Jet as of now.
On reports regarding he quitting Jet, Datta said he had spent 46 years in the aviation industry and would not like to comment on speculation. "I will talk about it when the right time comes," he said.
03/05/08 Manisha Singhal/Business Standard

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

Categories: Jet Airways May 2008, Jetlite May 2008, SpiceJet May 2008