MUMBAI: The
buzz heightened a few notches on Monday about India's two leading private
airlines:NareshGoyal's Jet
AirwaysBSE -1.53 % andKalanithiMaran'sSpiceJet.
Reports of the two airlines in talks with foreign airlines for a possible stake sale gathered traction on Monday, propelling Jet's share price by 11 per cent, after reports of Jet Airways in talks with Etihad Airways for a possible stake sale.
SpiceJetBSE 0.34 % shares climbed 13 per cent on Monday after the market speculation of SpiceJet being in talks with Doha-headquartered Middle East carrierQatar Airways for a possible stake sale.
ET had first reported on Jet-Etihad talks on September 19. While two persons in the know of the matter did confirm to ET that the two airlines are exploring a strategic partnership, they said it is too early to talk of a deal getting culminated.
Reports of the two airlines in talks with foreign airlines for a possible stake sale gathered traction on Monday, propelling Jet's share price by 11 per cent, after reports of Jet Airways in talks with Etihad Airways for a possible stake sale.
SpiceJetBSE 0.34 % shares climbed 13 per cent on Monday after the market speculation of SpiceJet being in talks with Doha-headquartered Middle East carrierQatar Airways for a possible stake sale.
ET had first reported on Jet-Etihad talks on September 19. While two persons in the know of the matter did confirm to ET that the two airlines are exploring a strategic partnership, they said it is too early to talk of a deal getting culminated.
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SpiceJet is also
said to be in talks with private equity investors for investing in the airline
to raise as much as $200 million. The Hong Kong-based private equity firm
Bravia Capital was also reported to be in talks with the airline.
The civil aviation minister Ajit Singh on Monday did confirm a deal brewing between Jet Airways and Etihad but refused a comment specifically on SpiceJet.
There were reports on Monday about SpiceJet also talking to the Malaysian lowcost airline Air Asia. "Jet is talking to Etihad. But a deal (getting done) who knows. About SpiceJet, media earlier had said that they are in talks with Air Asia and now there are reports that they are talking to Qatar Airways," the aviation minister told ET.
SpiceJet in a media statement said that it would not comment on market rumours. "SpiceJet has been a subject of several speculative reports appearing in the media during the last few months. While it is true that a few foreign airlines/investors have evinced interest in SpiceJet, it will be very pre-mature to comment on the possibilities of any fresh equity issuance to such interested parties. In line with our internal policy to not comment on market rumours, we cannot confirm or deny any of the names which have appeared in the media from time to time," SpiceJet spokesperson said.
SpiceJet also issued a clarification on the BSE. "Though a few investors have evinced interest in the company post Government of India allowing FDI in civil aviation sector, it will be very pre-mature to comment on the possibilities of any fresh equity issuance to such interested parties or confirm/deny names of any specific entity," the airline said.
With reference to the news item appearing in a leading financial daily titled "Buzz on Jet-Etihad Deal Gets Louder", Jet clarified to BSE that we are aware that recently there has been much speculation in the Press.
The company, however, cannot comment on such 'speculative reports.' Etihad's spokesperson said, "Indian aviation industry offers tremendous potential, with significant passenger movement on domestic and international sectors."
The civil aviation minister Ajit Singh on Monday did confirm a deal brewing between Jet Airways and Etihad but refused a comment specifically on SpiceJet.
There were reports on Monday about SpiceJet also talking to the Malaysian lowcost airline Air Asia. "Jet is talking to Etihad. But a deal (getting done) who knows. About SpiceJet, media earlier had said that they are in talks with Air Asia and now there are reports that they are talking to Qatar Airways," the aviation minister told ET.
SpiceJet in a media statement said that it would not comment on market rumours. "SpiceJet has been a subject of several speculative reports appearing in the media during the last few months. While it is true that a few foreign airlines/investors have evinced interest in SpiceJet, it will be very pre-mature to comment on the possibilities of any fresh equity issuance to such interested parties. In line with our internal policy to not comment on market rumours, we cannot confirm or deny any of the names which have appeared in the media from time to time," SpiceJet spokesperson said.
SpiceJet also issued a clarification on the BSE. "Though a few investors have evinced interest in the company post Government of India allowing FDI in civil aviation sector, it will be very pre-mature to comment on the possibilities of any fresh equity issuance to such interested parties or confirm/deny names of any specific entity," the airline said.
With reference to the news item appearing in a leading financial daily titled "Buzz on Jet-Etihad Deal Gets Louder", Jet clarified to BSE that we are aware that recently there has been much speculation in the Press.
The company, however, cannot comment on such 'speculative reports.' Etihad's spokesperson said, "Indian aviation industry offers tremendous potential, with significant passenger movement on domestic and international sectors."
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