SpiceJet confirms interest from foreign investors

Written by fe Bureau | Updated: Jan 16 2013, 06:45am hrs
SpiceJet, the other Indian carrier in talks with foreign airline firms for a possible stake sale, said on Tuesday that it is too early to comment on a possible deal. Though few investors have evinced interest in the company post government of India allowing FDI in the civil aviation sector to foreign airlines, it will be very premature to comment on the possibilities of any fresh equity issuance to such interested parties or confirm and deny names of any specific entity, the airline said in a filing to the BSE after media reports said that the deal with Qatar Airways could culminate during the current quarter. A senior government official confirmed that SpiceJet is in talks with foreign carriers but the Kalanithi Maran-owned low-cost carrier has not yet informed the ministry of civil aviation about a specific name or the progress of these talks. On Tuesday, SpiceJets share closed 4.09% higher on the BSE at R45.85.