New Delhi: Top sources say low-cost carrier SpiceJet could be the next Indian carrier to get FDI from a foreign airline even as grounded Kingfisher Airlines is yet to find any investor. "SpiceJet is in talks with some foreign airlines and could announce a deal in the coming weeks or months. Kingfisher is yet to make any headway as hardly any player would like to put money in a company in such a condition," said a top aviation ministry official, who is kept in the loop by desi airlines seeking FDI, and foreign ones looking to invest here.
FDI by foreign airlines was disallowed in 1996 in what was seen as a move to prevent a Tata-Singapore Airlines joint venture.
30/01/13 Saurabh Sinha/Times of India
