India’s SpiceJet eyes domestic low-cost carriers
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“Weare looking at inorganic growth,” CEO Sanjay Aggarwal said in an interviewwith Indian newspapers. He added that a low-cost carrier would be a preferredacquisition.
ASpiceJet spokeswoman confirmed the comments. She added that the airline has astrong cash position and that it would be able to raise the necessary funds ifit “found value in another Indian carrier”.
Theairline is listed on the Bombay Stock Exchange, and it sold a stake in thebusiness to US private equity firm WL Ross & Company for around US$80million last year,
SpiceJethas previously been linked with low-cost carriers GoAir and IndiGo, althoughthe company has denied holding talks about a possible merger with them in thepast.
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