New SpiceJet Management Plans To Move Fast

SpiceJet’s majority shareholder Kalanithi Maran, who also is chairman and promoter of Sun Network, has been elected to the Indian budget carrier's board as director and chairman.
Maran currently holds a majority 38.66% stake through his aviation firm, KAL Airways, which recently acquired SpiceJet.
The carrier is now in “fast forward” regarding its expansion plan, which includes 30 Boeing 737s and 15 Bombardier regional Q400s recently ordered.
“It is clear now that SpiceJet will bear a definite Maran stamp of a new set of thinking and more aggressive game plan. I do not rule out an acquisition,” said Kapil Kaul, chief of Sydney-based think tank Center for Asia Pacific Aviation, India and Middle East regions.
SpiceJet was relegated to the second largest budget carrier in India—after IndiGo—as it spent the last two years looking for investors while operating with a fragmented business plan. The carrier will now make up for the years of inaction, says Kaul.
An airline official requesting anonymity said it is likely that budget airline GoAir with 10 Airbus A320s and two more expected to join its fleet soon would be on SpiceJet's radar for acquisition.
16/11/10 Neelam Mathews/Aviation Week

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Categories: GoAir Nov 2010, New Nov 2010, spicejet Nov 2010