India’s second-largest low-fare airline by market share, SpiceJet, is not in formal talks with any airlines for divestment, as of now. However, the company has still maintained that both options including foreign investor and a private equity are available with the company and the same shall be exercised upon if some good deal comes forward. Meanwhile, low-fare carrier’s chief executive officer (CEO), Neil Mills, has said that the airline is not desperate to raise money as it does not have any cash flow crisis.
However, domestic carriers like, Spicejet, Kingfisher reportedly seem to be early birds to catch FDI flight, after the government recently decided to allow international airlines to pick up to 49% stake in Indian carriers. Meanwhile, some bankers have bet on SpiceJet and GoAir emerging as favorites for prospective investors, with the former being able to provide an attractive entry point for a foreign airline given its over 18% share of the domestic market as relatively unimpaired balance sheet.
Company Name | CMP |
---|---|
Interglobe Aviation | 4290.50 |
SpiceJet | 59.74 |
Global Vectra Helico | 191.40 |
Jet Airways (I) | 46.25 |
Taneja Aerospace | 450.10 |
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