Spicejet, Kingfisher seem early birds to catch FDI flight

Mumbai: Except for the cash-strapped Kingfisher Airlines (KFA), most private airlines are unsure over the possible benefits of increasing FDI in the sector to 49 per cent.
It may be noted that domestic carriers like Kingfisher, SpiceJet and Jet Airways have been telling the media that they are independently in talks with foreign carriers for a probable stake sale if FDI is allowed, while the public stance of profitably-run Indigo is that it is not too keen to tap the capital market.
Jet Airways said, “We welcome any policy initiated by the Government of India,” which suggests it is not clear on the development, while KFA, having a debt of over Rs 7,000 crore, said, “The FDI in airlines will open up a wide range of opportunities for both domestic as well as foreign carriers which wish to participate in the strong growth potential for civil aviation in our country.”
15/09/12 Deccan Herald

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

Categories: Foreign Sep 2012, Kingfisher Sep 2012, spicejet Sep 2012