New Delhi: Former SpiceJetBSE 9.92 % co-promoter Ajay Singh's decision to acquire the ailing carrier from Maran family is a "good buy" said it also bodes well for the entire aviation industry, experts said today.
"This (the deal) is definitely a good buy for Ajay Singh as it has come at a time when the business climate looks very conducive," Dhiraj Mathur, Executive Director at global consultancy firm PwC, said.
At present the market is under-served and demand exceeds the supply, he said. "The market looks attractive," he added.
"So, it's a very good move and good for the whole aviation sector," he said.
Terming the deal a welcome development, Amber Dubey, partner and India head of aerospace and defence at global consultancy KPMG said the failure of an airline with 17 per cent market share is the last thing our beleaguered aviation sector needed.
16/01/15 PTI/Economkic Times
"This (the deal) is definitely a good buy for Ajay Singh as it has come at a time when the business climate looks very conducive," Dhiraj Mathur, Executive Director at global consultancy firm PwC, said.
At present the market is under-served and demand exceeds the supply, he said. "The market looks attractive," he added.
"So, it's a very good move and good for the whole aviation sector," he said.
Terming the deal a welcome development, Amber Dubey, partner and India head of aerospace and defence at global consultancy KPMG said the failure of an airline with 17 per cent market share is the last thing our beleaguered aviation sector needed.
16/01/15 PTI/Economkic Times
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