Friday, June 15, 2007

Mallya, Goyal eyeing stake in SpiceJet

Vijay Mallya believes in having his cake and eating it too after enticing Captain Gopinath and acquiring control over Air Deccan. He now has SpiceJet on his radar, a smartly managed budget airline that even arch rival Naresh Goyal is eyeing that will help him regain leadership for Jet Airways, leadership that has been snatched by Mallya.Sources close to development told NDTV that Vijay Mallya and Naresh Goel have initiated talks with SpiceJet promoters for acquiring strategic equity stake in SpiceJet. Besides, Paramount Airway''s Thiagarjan family is also in the race. SpiceJet is perfect fit into Jet''s strategy, particularly with its Boeing fleet. Besides, its eight per cent market share will also help Goyal rule the skies once again with combined market share of over 36 per cent post SpiceJet acquisition.

No comments: