Chennai: With the crisis-ridden SpiceJet desperately seeking an infusion of fresh funds, one of the potential investors the airline is believed to have approached is Singapore-based Tigerair.
Though Tigerair, also a low-cost carrier, has spread its wings across the South-East Asia in its decade-long existence, it is in a spot of financial bother itself and may just be tempted to take a look at the SpiceJet’s books.
Though a direct answer to whether they had approached or had been approached by SpiceJet wasn’t forthcoming, Tigerair’s Commercial Director Robert Yang did say, “We are constantly looking at opportunities to strengthen our Indian network. We are always on the lookout for expansion opportunities in India, which is subject to market demand and regulatory approvals,” when asked if they would go the AirAsia India route.
Tiger, of which Singapore Airlines is a majority stakeholder, currently connects Chennai, Kochi, Tiruchy, Hyderabad and Bangalore with Singapore.
The airline has the advantage of already having evaluated SpiceJet’s mounting losses, shortly before they entered into an inter-airline agreement (on the lines of a codeshare) last December.
06/12/14 New Indian Express
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Though Tigerair, also a low-cost carrier, has spread its wings across the South-East Asia in its decade-long existence, it is in a spot of financial bother itself and may just be tempted to take a look at the SpiceJet’s books.
Though a direct answer to whether they had approached or had been approached by SpiceJet wasn’t forthcoming, Tigerair’s Commercial Director Robert Yang did say, “We are constantly looking at opportunities to strengthen our Indian network. We are always on the lookout for expansion opportunities in India, which is subject to market demand and regulatory approvals,” when asked if they would go the AirAsia India route.
Tiger, of which Singapore Airlines is a majority stakeholder, currently connects Chennai, Kochi, Tiruchy, Hyderabad and Bangalore with Singapore.
The airline has the advantage of already having evaluated SpiceJet’s mounting losses, shortly before they entered into an inter-airline agreement (on the lines of a codeshare) last December.
06/12/14 New Indian Express
