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India's SpiceJet says foreign carriers interested to buy stake in company
November 26, 2012 / 10:00 AM / 5 years ago

India's SpiceJet says foreign carriers interested to buy stake in company

NEW DELHI (Reuters) - Indian budget carrier SpiceJet Ltd (SPJT.BO) said on Monday that some foreign investors have expressed interests to pick up a stake in the company following a recent rule change, but it was premature to comment on a possible deal.

Struggling Indian carriers Jet Airways (JET.NS) and SpiceJet (SPJT.BO) are in talks with Abu Dhabi’s Etihad Airways and Malaysia’s AirAsia Bhd (AIRA.KL) to sell minority stakes, a senior government official with direct knowledge of the talks said earlier on Monday.

Reporting by Anurag Kotoky; Editing by Anand Basu

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