SpiceJet close to selling some overseas slots to Qatar Airways - The Economic Times:
"Gulf carrier Qatar Airways is likely to invest in the debt-ridden SpiceJetBSE 3.03 % by purchasing its parking slots overseas, sources said. Officials of the state-run Qatar Investment Promotion Authority are likely to meet the top brass of SpiceJet shortly, they added. The Kalanithi Maran-promoted domestic airline had earlier this week said it was in "advanced stage of discussions" with an overseas entity for capital infusion.
"A team of officials from Qatar Investment Promotion Authority is scheduled to meet the SpiceJet management in a day or two to discuss investment plans of Qatar Airlines," a source told PTI. Sources further said Qatar Airways has evinced interest in buying some of the SpiceJet's overseas slots as part of its strategy to enter the country's aviation market.
"Considering that another Gulf carrier Etihad, which has acquired 24 per cent equity in Jet AirwaysBSE 1.18 %, had also bought Jet's three prime slots at London's Heathrow Airport for USD 70 million prior to the signing of the deal, such a transaction is possible," the source added."
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