Synergies in JetLite and SpiceJet combine, says senior Jet Airways official
03 May 2008
Mumbai: Fueling ongoing speculation, regarding Jet Airways being in the hunt for another airline, its executive director, Saroj Datta, told a business daily that Jet found plenty of operational synergy between its low-cost airline, JetLite, and another low cost carrier, SpiceJet.
His comments come soon after those of Jet chairman, Naresh Goyal, who had mentioned sometime back that he would not shy away from picking up another airline if it should be in the interest of the shareholders.
Jet had renamed Sahara as JetLite, after acquiring it for Rs1,450 crore. Currently, JetLite has a 7.1 per cent market share and SpiceJet 10.3 per cent.
Meanwhile, speaking to media representatives, Siddhant Sharma, CEO, SpiceJet, said the airline was yet to receive any feelers from Jet as of now.
SpiceJet is owned by the London-based Kansagra family, with the Tata Group also holding a small stake.