SpiceJet, country’s low-cost airline is in preliminary talks with a Gulf airline for potential investment in the Indian budget carrier. But for any further action, the company has to wait till the policy shift in India's aviation industry, which currently prohibits foreign direct investment (FDI) in the sector. Through this partnership with an international carrier, SpiceJet will get the access to economies of scale on procurement contracts and long-haul options for its passengers.
Recently, it expanded its network in Tier 2 and Tier 3 cities through introducing flights between Bangalore and Hubli in north Karnataka. The airline has also commenced bookings for this sector and the services will be commenced from September 27, 2012.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4638.75 |
| SpiceJet | 13.88 |
| Raymond | 422.05 |
| Global Vectra Helico | 203.85 |
| Taneja Aerospace | 281.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: