Qatar Airways 'may buy stake in India's SpiceJet'
New Delhi, January 15, 2013
India's low-cost carrier (LCC) SpiceJet is in talks with some foreign airlines to sell a stake in the company and Qatar Airways is the most likely investor, said a report.
A deal could materialise this quarter, said a report in The Times of India quoting unnamed sources.
Qatar Airwasy CEO Akbar Al Baker had earlier confirmed that the airline is keen to buy a stake in an Indian carrier. However, he said the airline was not studying any specific purchase in India.
"FDI in SpiceJet is likely to happen in this quarter itself. The airline is in talks with some foreign airlines and one more investor," the report quoted saources as saying.
The aviation ministry has not officially been informed of an impending stake sale in the airline.