Chennai: The Kalanithi Maran-owned SpiceJet is looking for a strategic partner, and not a financial investor, to help improve efficiency, an official said at the sidelines of its annual general meeting in Chennai Wednesday.
"We need a strategic partner who can bring best practices, improve our efficiency," said Sun Group CFO S L Narayanan. This statement comes amid recurring buzz in the media about SpiceJet looking to shed stake to overseas carriers such as Emirates Airline and Tiger Airways.
Narayanan said the carrier has met some potential partners but hasn't finalised anything yet. "It would take some time," he said. SpiceJet will also be restructuring some routes that have proved unviable and would add more international routes.
Read News In Full 25/09/13 Economic Times
Friday 27 September 2013
SpiceJet says still looking for strategic partners
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