Dubai based Airlines Emirates is reportedly planning to acquire 15-20 percent stake in Spicejet. However, Emirates has denied any stake buy talks with Spicejet. Spicejet’s promoter holds 52.14% stake in the company.
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.