Friday, August 28, 2015

SpiceJet in talks with aircraft makers for a ‘sizable order’, says promoter

New Delhi: Gurgaon-based no-frills airline SpiceJet is in discussion with the aircraft manufacturers for ordering more aircraft, Ajay Singh, the airline promoter said.
Singh did not specify whether he was in talks with Airbus, Boeing or any aircraft manufacturer.
“We have not discussed any specific numbers but we expect the aircraft order will be a sizable one. Negotiations have been on for a while and we expect to complete the negotiations and place the order this financial year,” Singh said on the sidelines of a conference on civil aviation organised by the Associated Chambers of Commerce and Industry of India (Assocham).
Singh added that a decision on the 55 Boeing MAX aircraft which the airline had ordered earlier will also be decided during the on-going negotiations.
“We will let you know when we finalise the order. There is no paucity of capital available to SpiceJet. We have many offers of capital, depending on how much capital is required to fund the purchase,” Singh said when asked how the mega order for SpiceJet will be funded.
28/08/15 Business Line
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