SpiceJet indicates Gulf airline interest

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By admin November 30, 2015 22:03

SpiceJet indicates Gulf airline interest

Ajay Singh, chairman of SpiceJet, has said that Gulf airlines have shown interest in buying a stake in the airline.

“Some of the Gulf airlines have expressed an interest in SpiceJet as we have come back into the market, but this is not the right time to be diluting the equity,” he said. “There is some dialogue which is ongoing and we continue to explore other types of relationships we could have.”

Singh also confirmed that the airline is considering a new aircraft order for 150 single-aisle jets from either Boeing or Airbus during 2015-16, and up to 50 additional regional jets.

“SpiceJet is generating enough cash internally to sustain those orders,” said Singh. “If we need to raise any money to fund those orders, which looks unlikely at this time, there are enough unutilised credit lines available to us.”

admin
By admin November 30, 2015 22:03