SpiceJet: foreign carriers interested to buy stake
NEW DELHI (Reuters) - Budget carrier SpiceJet Ltd (SPJT.BO) said on Monday that some foreign investors have expressed interests to pick up a stake in the company following a recent rule change, but it was premature to comment on a possible deal.
Struggling Indian carriers Jet Airways (JET.NS) and SpiceJet (SPJT.BO) are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd (AIRA.KL) to sell minority stakes, a senior government official with direct knowledge of the talks said earlier on Monday. (Reporting by Anurag Kotoky; Editing by Anand Basu)
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Finance Minister Arun Jaitley on Saturday unveiled a budget that aims to ramp up growth, aided by a slowed pace of fiscal deficit cuts and a raft of tax measures to put private domestic and foreign capital to work. Read | Full Coverage