I know it is easy for names to be thrown around, but this one seems to be from a credible source. Spicejet has changed hands and names quite a few times, with the last being the change of management control, when Spicejet was sold to the Sun Group of India. Rumors going around were that Qatar Airways will be investing in the airline. However, Qatar Airways has rubbished this in the past.
Last evening, Indian dealmaking website VCCircle however talked about a new participant in the deal, and they say Kuwait Airways may be interested in picking up about 25% of the airline, for a sum of Rs. 1,000 Crores (about $166 million). Unlike Jet Airways where the deal also seems to include Etihad and Jet Airways working much closer together, there is no such word going around for Kuwait Airways at the moment.
I personally think Kuwait Airways might just be a financial deal rather than a strategic play, purely because they themselves have a very limited presence in India at the moment, and their network is not as strong as some of the other Middle-Eastern airlines. Also, I don’t think Kuwait Airport is an airport which is suitable of transit much, as my own experiences say.
What are your views? Who do you think will be the next suitor for Spicejet, and if it is Kuwait Airways, will this be a strategic alliance or just an investment? I’d love to read your comments below.