New Delhi: Dubai government-owned low-cost carrier (LCC) flydubai has re-entered the fray to pick up a stake in budget airline SpiceJet. The Gulf LCC's move comes at a time when its neighbour Qatar Airways is in initial talks with SpiceJet owner Ajay Singh for a possible investment.
Singh had told TOI in April, about two months after he had re-acquired SpiceJet from the Sun Group, that foreign airlines had approached him for investment. "Dubai-based flydubai was in talks with SpiceJet soon after Ajay Singh took control of the airline in February. However given the precarious state in which the previous owners had left SpiceJet, those talks did not materialize as SpiceJet was not offered a good deal then," said a source.
Now, with SpiceJet scripting a dramatic recovery under Singh and Qatar Airways pursuing him vigorously, flydubai has re-started talks with the Indian LCC. Singh will opt for the airline that offers a better deal in terms of pricing and future growth prospects of SpiceJet, which he launched in 2005.
27/07/15 Saurabh Sinha/Times of India
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Singh had told TOI in April, about two months after he had re-acquired SpiceJet from the Sun Group, that foreign airlines had approached him for investment. "Dubai-based flydubai was in talks with SpiceJet soon after Ajay Singh took control of the airline in February. However given the precarious state in which the previous owners had left SpiceJet, those talks did not materialize as SpiceJet was not offered a good deal then," said a source.
Now, with SpiceJet scripting a dramatic recovery under Singh and Qatar Airways pursuing him vigorously, flydubai has re-started talks with the Indian LCC. Singh will opt for the airline that offers a better deal in terms of pricing and future growth prospects of SpiceJet, which he launched in 2005.
27/07/15 Saurabh Sinha/Times of India
