SpiceJet in ‘advanced’ stage of discussion for stake sale

Budget carrier SpiceJet is in an advanced stage of discussions with a potential investor – a foreign carrier – for stake sale, and expects the negotiations to be concluded soon.

“Discussions are going on with a foreign carrier. We hope to conclude these negotiations expeditiously,” a source said.

However, the sources refused to divulge any further details, saying shareholders would “get to know about it very soon”.

When prodded, they said the potential investor in the media baron Kalanithi Maran-promoted airline was not from among the names doing the rounds in media.

Full report here Hindustan Times


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