The announcement at the Bombay stock exchange by SpiceJet Ltd. says it all. Spicejet Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2015, inter-alia, has taken on record the proposal of the principal shareholder and Promoter, Mr. Kalanithi Maran and KAL Airways Private Limited to transfer the ownership, management …
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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 …
Read More »AirAsia, Tatas and Amit Bhatia seek approval to start airline in India. Is SpiceJet the target?
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 …
Read More »Financial Analysis of SpiceJet’s Q1 Financial Results
Earlier this month, all 3 of India’s publicly traded carriers announced their results for the first quarter of Fiscal Year 2012. Devesh has already taken a look at the operating parameters for the quarter, so I’ll be digging into the raw data itself. The three carriers to be studied are; Jet Airways Group; composed of full service carrier Jet Airways …
Read More »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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