Tag Archives: Kalanithi Maran

Opinion: SpiceJet will order Boeing 737 MAX only in next fiscal, after funds infusion

Last the week the newswires were abuzz with stories about Indian budget carrier SpiceJet ordering up to 40 Boeing 737 MAX aircraft. While the ordering of the new fuel efficient MAXs is a foregone conclusion, given the airline’s need to continue its growth, the timing is not certain. What is certain is the airline’s precarious financial position. For the second …

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AirAsia, Tatas and Amit Bhatia seek approval to start airline in India. Is SpiceJet the target?

AirAsia A320 9M-AHS at Penang airport.

by Devesh Agarwal Malaysian low cost carrier AirAsia Berhad (Ltd.) through its investment arm, AirAsia Investment Ltd. (AAIL) has submitted an application to the Indian Foreign Investment Promotion Board (FIPB) seeking approval for AAIL to invest 49% into a proposed Indian joint venture together with Tata Sons Limited and Mr. Arun Bhatia of Telestra Tradeplace Pvt. Ltd. The expected holding …

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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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