Qatar Airways, flydubai named as possible Spicejet suitors
Spicejet (SG, Delhi Int'l) has held negotiations with Qatar Airways (QR, Doha Hamad Int'l) and flydubai (FZ, Dubai Int'l) over a possible commercial agreement that could lead to either of the Gulf carriers acquiring a shareholding in the budget airline India's Economic Times has reported.
But while Spicejet has now officially confirmed it is in talks with 'a few parties', it has yet to specify whom they are.
"A few parties have approached us and evinced interest in making investments into SpiceJet Limited," it said. "However, since the deliberations with such prospective investors are at an exploratory and preliminary stage it will be improper to comment on the specifics of any possible stake sale or the valuation of the Company at this stage."
The LCC did, however, reject claims that has entered into an interline agreement with the Qataris which, if it were to come to fruition, would give them greater access to the much coveted Indian market.
"It is further clarified that the Company has not entered into any interline arrangement with any other airline as reported in the article."
Under Ajay Singh's leadership, Spicejet registered its first profit of INR225.2 million (USD3.53 million) for the first quarter of the year.
Ch-aviation
Spicejet (SG, Delhi Int'l) has held negotiations with Qatar Airways (QR, Doha Hamad Int'l) and flydubai (FZ, Dubai Int'l) over a possible commercial agreement that could lead to either of the Gulf carriers acquiring a shareholding in the budget airline India's Economic Times has reported.
But while Spicejet has now officially confirmed it is in talks with 'a few parties', it has yet to specify whom they are.
"A few parties have approached us and evinced interest in making investments into SpiceJet Limited," it said. "However, since the deliberations with such prospective investors are at an exploratory and preliminary stage it will be improper to comment on the specifics of any possible stake sale or the valuation of the Company at this stage."
The LCC did, however, reject claims that has entered into an interline agreement with the Qataris which, if it were to come to fruition, would give them greater access to the much coveted Indian market.
"It is further clarified that the Company has not entered into any interline arrangement with any other airline as reported in the article."
Under Ajay Singh's leadership, Spicejet registered its first profit of INR225.2 million (USD3.53 million) for the first quarter of the year.
Ch-aviation