Spicejet confirms interest from foreign investors

Tags: Companies
Amid reports of Gulf carrier Qatar Airways holding talks to acquire stake in SpiceJet, the Indian low-cost carrier today said some foreign players have evinced interest in the company but did not name its suitors.

"Though few investors have evinced interest in the company post government allowing FDI in civil aviation sector to foreign airlines, it will be very pre-mature to comment on the possibilities of any fresh equity issuance to such interested parties or confirm, deny names of any specific entity," Kalanithi Maran-led Sun Group entity SpiceJet said in a BSE filing.

The company made the statement following reports that Qatar may buy equity stake in SpiceJet, which also fuelled a strong rally in its share price.

Recently, Qatar Airways CEO Akbar Al Baker had told reporters in Doha that the airline was interested in buying stake in some Indian airline, but had not disclosed any names.

"India is a huge market, India is a potentially lucrative market. Qatar Airways will be interested once we are sure the regulations and the laws are properly liberalised," Al Baker had said.

The statement of Qatar chief has fuelled speculations about the potential targets in Indian aviation space.

Another Indian carrier Jet Airways has already confirmed being in talks with Etihad for a potential stake sale, while crisis-ridden and currently grounded carrier Kingfisher Airlines is also said to be looking for potential investors.

SpiceJet said it would like to reiterate that these are speculative media reporting.

Following stake sale speculation, shares of Spicejet jumped as much as 8.5 per cent this morning. The scrip was later trading at Rs 46.10, up 4.65 per cent in late afternoon trade.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Clearing stalled projects, not rate cuts, will help firms service loans

    The Reserve Bank of India’s decision to leave policy rates unchanged does not surprise.

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Richard Rekhy

What makes great organisations

“More than anything else — more than fame or wealth ...

Kuruvilla Pandikattu SJ

Global citizens can seek a better world

Martin Luther King Jr once said: “We must learn to ...

Gautam Gupta

Fashion today is not just about designing alone

When I passed class XII in 1998, I remember every ...