No-frills airline, SpiceJet, is in discussions with two West Asian airlines, Etihad Airways and Qatar Airways, for a minority stake sale. The move comes amidst expectations that the government would allow foreign airlines to invest directly in Indian carriers.
When contacted, a SpiceJet spokesperson said, “We do not comment on any market speculation.” Some foreign carriers have expressed interest in picking up a stake in SpiceJet if there would be a change at the policy level by the government. Various investors have approached SpiceJet and we are in talks with them. As of now, we have not finalised any deal but if everything goes well, we may enter into a mutually beneficial deal,” he added.
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