Saturday, July 14, 2018

SpiceJet to diversify

Washington: Low-cost airline SpiceJet is considering alliances with two American companies, including an international airline, and diversifying its activities beyond aviation, its chairman and managing director Ajay Singh has said.

Acknowledging that aviation is a "fairly high-risk enterprise", the airline's chief said, "We must hedge ourselves from the risk of being in a pure aviation business and find the businesses which are connected to aviation, which would be a little more insulated from the high cost of fuel and so on."

"So, we are looking at some new areas. We will be making announcements at the appropriate time. We believe that there are significant strategic partnerships that we can enter into and we will be announcing them soon," Singh told reporters on the sidelines of the annual meet of the US-India Strategic and Partnership Summit (USISPF) here on Thursday.
14/07/18 Telegraph