Tuesday, June 19, 2007
paramount for a stake in spice jet
I was just going thru the news on the websites when, my eyes strucked on the news that Chennai based Paramount Airways is looking for a 26% stake in New Delhi based Low Cost Carrier Spicejet for almost Rs. 500-600 crores.
Even, Jet & Kingfisher is running for spicejet...
Good to see that airline sector is going through consiladaton...
may be they can again start running in profitability
Subscribe to:
Post Comments (Atom)
Ads...
4 comments:
It would be interesting to know the implications of this for the general passenger.
the implication for general public will be that price war will reduce & prices may rise as happened in Air Deccan, as soon as Kingfisher acqiured a share in it, its prices were increased by Rs. 500/-!!!
bt, now the chances of paramount acquiring spice jet has some what diminsed...bcoz later has denied that report !!!
sahil, you cannot really believe that denial...
just 2 days after Air Deccan has denied that "they are up for sale", they have been acquired by Kingfisher...
Post a Comment