 Now Vijay Mallya is planning to get some stakes in spiceJet airlines. The thirst to get control of Second low-cost airline in the country is getting heated up, as Kingfisher group is eyeing for this deal.
But, now we need to wait and watch, how will SpiceJet respond, in negative or positive. After making the deal with Air Deccan, India's largest low-cost airline, this deal would mean the quality and standards of airlines and relationships between aviation industry may increase.
This news is only a hint given by Kingfisher group. At present SpiceJet flies 83 daily flights reaching out to 14 cities and holds 9% market shares.
Vijay Mallya responded in positive tone saying "I am certainly interested, and if you are asking me if I am talking about it, the answer is no. Am I going to get it? The answer is I don’t know.”
“I respect the independence of the SpiceJet shareholders and board. If they want to do something, I am sure they will invite me to talk with them. If they don’t want to do anything, we will just work together because a part of my strategy in acquiring Deccan Aviation was to make sure that the industry becomes more profitable and that everybody works together to achieve that", Said Vijay Mallya.
|
|
 The Embraer, the Brazilian aircarft-maker which had made the news going on, that deal between paramount airlines of 2 billion will take place soon, has recieved a bolt recently.
On the Contrary of carriers executives, previously stated, the recent developments of agreements may not go ahead, since the talks between them and Paramount is still going on. And we may not see the proposed deal taking place as there are initial signs of slowdown process.
"There has been a certain stabilisation of airfares and traffic in the world's big-gest market, the US, though at high levels," said Frederico Fleury Curado, who took over from Mauricio Botelho in April.
We may expect a new turn around in the news as the deal may not take place in the Paris show were many new deals between airline gaints may take place soon. |
|
 As we read previously, there was news rounding up that private airlines could be soon flying to gulf if they have completed 3 years of domestic flying in Indian skies, but according to news revealed recently, the cabinet were group of Ministers(GoM) referred that the private airlines which were started close to 2005 in India, may be getting permission to fly international destinations even though they have not completed 5 years in domestic market.
So the Union Cabinet are looking up to set up GoM as to do detailed research on this issue, so that required results can take place.
Praful Patel, Civil aviation minister firstly decided to reduce the 5 years term to 3 years if the private airlines have served domestic flights in India. But now the plan is such that, based on the finance and fleets of the airlines, they may be given the go ahead signal to start opearting international flights.
If this plan is implemented then airlines such as Kingfisher, Paramount Airways, IndiGo, Air Deccan and SpiceJet may be given the green signal to fly abroad. All the other policies will be deduced if the airlines can operate in International standards and have enough capability to expand its fleets.
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
| Results 37 - 40 of 69 |
Home 
