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

4 comments:

Sunil said...

It would be interesting to know the implications of this for the general passenger.

rahul chauhan said...

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/-!!!

sahil said...

bt, now the chances of paramount acquiring spice jet has some what diminsed...bcoz later has denied that report !!!

Anonymous said...

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...

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