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June 15, 2010 – Bangalore Aviation

Daily Archives: June 15, 2010

Kalanithi Maran’s takeover will make SpiceJet a game changer in Indian aviation

After six months of discussions, it is finally official. Media baron and political heavyweight, Kalanithi Maran will acquire a majority stake in low fare carrier SpiceJet.Mr. Maran in his individual capacity and via his aviation company KAL Airways jointly owned with wife Kaveri, will initially acquire the 37.73% stake of the Kansagara family promoted Royal Holding Services Ltd., Wilbur Ross …

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