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SpiceJet in advanced stage of negotiation for stake sale

29 Jul 2013 Evaluate

Budget carrier SpiceJet is in advanced stage of discussion with a foreign carrier for stake sale and expects the negotiations to be concluded soon. Earlier it was reported that SpiceJet may sell 25% stake to Kuwait Airways for around Rs 1000 crore.

SpiceJet is the fourth largest airline and operates over 350 daily flights to over 47 domestic cities and eight international destinations. It has got 19.9% market share.

Peers
Company Name CMP
Interglobe Aviation 5020.00
SpiceJet 9.20
TAAL Tech 1188.70
Taneja Aerospace 366.90
Global Vectra Helico 134.85
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