Qatar Airways in talks to buy stake India's SpiceJet, say reports

Qatar Airways is reportedly planning to acquire a minority stake in SpiceJet, an Indian low cost airline.
Both airlines have signed a non-disclosure agreement, Indian newspapers said, with preliminary talks being held on Qatar Airways acquiring a 24 percent stake in SpiceJet, according to Dubai-based weekly Arabian Business.
Qatar Airways might invest a total of $200m in SpiceJet, the source also claimed.
Shares in SpiceJet rose by 6.5 percent of hopes of the sale, according to Indian-based financial website Moneycontrol.com.
However, both airlines denied talks about any sale earlier this year, according to the website.
Read news in full 18/10/13 Al Arabia