SpiceJet chief optimistic on FDI ruling

Victoria
By Victoria April 11, 2012 12:50

SpiceJet chief optimistic on FDI ruling

Neil Mills, CEO of SpiceJet, has stated that the airline is better placed than its competitors to attract foreign direct investment (FDI) and is “open to collaboration with foreign players”.

This statement was despite SpiceJet reported net loss of Rs.39.26 crore for the quarter ended Dec 31 from a net profit of Rs.94.44 crore in the like period of 2010-11, due to high fuel costs, high taxes and fierce competition.

Victoria
By Victoria April 11, 2012 12:50
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