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PostPosted: Fri Apr 02, 2010 10:13 am 
R.S.NARAYANAN wrote:

EARLIER IT WAS A PLAN TO OPERATE TRZ-MALE IN 1980S ITSELF. AIR MALDIVES ALSO OPENED THEIR OFFICE AT TRICHY. AS USUAL IT IS NOT POSSIBLE DUE TO POLITICS.

WE WILL WAIT AND SEE WHAT HAPPEN IF MADURAI GETS INTERNATIONAL CONNECTION LIKE WHAT HAPPENED IN AERO PARK PROJECT FOR MADURAI


What politics? Since 1980 :?: Btw, Who told Aero park project is coming to Madurai? I didn't read any such article! :roll:


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PostPosted: Thu Apr 01, 2010 6:59 pm 
R.S.NARAYANAN wrote:
Guest wrote:
Airport authorities planning introduction of overseas flights


L. Srikrishna

Proposals are being examined at the top-level for implementation


MADURAI: With the new terminal building in Madurai airport expected to become fully operational by July-August, the authorities are contemplating introduction of international services to destinations like Singapore and Kuala Lumpur based on market feedback.

A reliable Airports Authority of India (AAI) source said here on Wednesday that after the recent visit of the AAI Chairman, work is in full-swing at the airport.

EARLIER IT WAS A PLAN TO OPERATE TRZ-MALE IN 1980S ITSELF. AIR MALDIVES ALSO OPENED THEIR OFFICE AT TRICHY. AS USUAL IT IS NOT POSSIBLE DUE TO POLITICS.

WE WILL WAIT AND SEE WHAT HAPPEN IF MADURAI GETS INTERNATIONAL CONNECTION LIKE WHAT HAPPENED IN AERO PARK PROJECT FOR MADURAI

The Confederation of Indian Industry, Tamil Nadu Chamber of Commerce and Industry and Madurai District Tiny and Small Scale Industries Association have impressed upon the officials about the need to introduce international flights from the temple city.

The proposals are being examined at the top level for implementation.

Currently, Madurai has nine flights per day to Chennai and one each to Mumbai and Bangalore.

The capacity for Chennai is 654 seats, 45 for Mumbai and 66 for Bangalore. But the demand is so high that on an average most of the carriers operate on 80 per cent seat factor. A seat in economy class to Chennai is priced around Rs 15,000. Though this might not directly reflect on the need for international services, it was an indicator of the potential in Madurai, the source said.

There is good potential for export of cargo to Asian countries. Madurai's jasmine, sungudi sarees and textile goods are some of the goods in demand.

The AAI has been requested to consider the proposals to operate Chennai-Madurai-Male, Madurai-Muscat, Madurai-Dubai and Singapore or Kuala Lumpur-Chennai-Madurai-Chennai flights thrice a day.

The travel industry has suggested the timings as follows: departure Chennai 12 hours, arrival Madurai 12.50; departure Madurai 13.30 and arrival Male 14.35.

In the return direction, it may leave Male at 15.35 hours, arrive Madurai at 16.40, depart Madurai at 17.30 and reach Chennai at 18.20.

The proposed Male flight on arrival at Madurai may take Singapore and Kuala Lumpur passengers on three days a week.

The suggested timings are: Chennai departure 19.20 hours, Singapore or Kuala Lumpur arrival 23.20, Singapore or Kuala Lumpur departure 01.00, arrival Chennai 05.00 and depart at 06.00; arrival at Madurai 06.50 hours and departure for Chennai at 07.30.

The travel industry has recommended that 30 to 40 passengers may fly (per flight) to Male from Madurai and that Chennai will provide a load of 40 to 50 passengers per flight.

Union Minister for Fertilizers and Chemicals M.K. Alagiri had in his election manifesto promised to introduce international services from the Madurai airport. The officials had briefed the Minister about the progress at a recent meeting.


WHY TRICHY HAS NO FLIGHT CONNECTION TO MALE DESPITE HUGE TAMIL POPULATION THERE? ALSO WILL TRICHY AIRPORT SURVIVE AFTER THE INTRODUCTION OF NEW FLIGHTS FROM MADURAI? :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:




EARLIER IT WAS A PLAN TO OPERATE TRZ-MALE IN 1980S ITSELF. AIR MALDIVES ALSO OPENED THEIR OFFICE AT TRICHY. AS USUAL IT IS NOT POSSIBLE DUE TO POLITICS.

WE WILL WAIT AND SEE WHAT HAPPEN IF MADURAI GETS INTERNATIONAL CONNECTION LIKE WHAT HAPPENED IN AERO PARK PROJECT FOR MADURAI


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PostPosted: Thu Apr 01, 2010 3:09 pm 
Guest wrote:
Airport authorities planning introduction of overseas flights


L. Srikrishna

Proposals are being examined at the top-level for implementation


MADURAI: With the new terminal building in Madurai airport expected to become fully operational by July-August, the authorities are contemplating introduction of international services to destinations like Singapore and Kuala Lumpur based on market feedback.

A reliable Airports Authority of India (AAI) source said here on Wednesday that after the recent visit of the AAI Chairman, work is in full-swing at the airport.

EARLIER IT WAS A PLAN TO OPERATE TRZ-MALE IN 1980S ITSELF. AIR MALDIVES ALSO OPENED THEIR OFFICE AT TRICHY. AS USUAL IT IS NOT POSSIBLE DUE TO POLITICS.

WE WILL WAIT AND SEE WHAT HAPPEN IF MADURAI GETS INTERNATIONAL CONNECTION LIKE WHAT HAPPENED IN AERO PARK PROJECT FOR MADURAI

The Confederation of Indian Industry, Tamil Nadu Chamber of Commerce and Industry and Madurai District Tiny and Small Scale Industries Association have impressed upon the officials about the need to introduce international flights from the temple city.

The proposals are being examined at the top level for implementation.

Currently, Madurai has nine flights per day to Chennai and one each to Mumbai and Bangalore.

The capacity for Chennai is 654 seats, 45 for Mumbai and 66 for Bangalore. But the demand is so high that on an average most of the carriers operate on 80 per cent seat factor. A seat in economy class to Chennai is priced around Rs 15,000. Though this might not directly reflect on the need for international services, it was an indicator of the potential in Madurai, the source said.

There is good potential for export of cargo to Asian countries. Madurai's jasmine, sungudi sarees and textile goods are some of the goods in demand.

The AAI has been requested to consider the proposals to operate Chennai-Madurai-Male, Madurai-Muscat, Madurai-Dubai and Singapore or Kuala Lumpur-Chennai-Madurai-Chennai flights thrice a day.

The travel industry has suggested the timings as follows: departure Chennai 12 hours, arrival Madurai 12.50; departure Madurai 13.30 and arrival Male 14.35.

In the return direction, it may leave Male at 15.35 hours, arrive Madurai at 16.40, depart Madurai at 17.30 and reach Chennai at 18.20.

The proposed Male flight on arrival at Madurai may take Singapore and Kuala Lumpur passengers on three days a week.

The suggested timings are: Chennai departure 19.20 hours, Singapore or Kuala Lumpur arrival 23.20, Singapore or Kuala Lumpur departure 01.00, arrival Chennai 05.00 and depart at 06.00; arrival at Madurai 06.50 hours and departure for Chennai at 07.30.

The travel industry has recommended that 30 to 40 passengers may fly (per flight) to Male from Madurai and that Chennai will provide a load of 40 to 50 passengers per flight.

Union Minister for Fertilizers and Chemicals M.K. Alagiri had in his election manifesto promised to introduce international services from the Madurai airport. The officials had briefed the Minister about the progress at a recent meeting.


WHY TRICHY HAS NO FLIGHT CONNECTION TO MALE DESPITE HUGE TAMIL POPULATION THERE? ALSO WILL TRICHY AIRPORT SURVIVE AFTER THE INTRODUCTION OF NEW FLIGHTS FROM MADURAI? :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:


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PostPosted: Thu Apr 01, 2010 12:25 pm 
Guest wrote:
Kalanithi's Rs 700-cr offer not too hot for SpiceJet owners



MUMBAI: Kalanithi Maran, media baron and promoter of Sun TV, and the promoters of SpiceJet are sparring over the price being offered for a majority
stake in the budget carrier, with Mr Maran’s proposal of Rs 700 crore for a 51% stake finding few takers among the airline’s shareholders.

Mr Maran, whose interests have now spread from media to aviation, has completed due diligence and is believed to have made an offer of Rs 700 crore, or Rs 55 per share. This is not acceptable to the SpiceJet shareholders, as the offer is at a discount to the ruling market price of the stock.

The SpiceJet stock fell marginally to Rs 57.55 on Monday. At current market price, SpiceJet is valued at about Rs 1,388 crore.

“There are differences on the valuation. If that is over, a deal may be announced in a fortnight,” said an investment banker requesting anonymity. Kenya-based Kansagra family is the promoter of SpiceJet with a 13% stake. SpiceJet director Ajay Singh holds 5%.

The deal, if it goes through, will be a combination of share sale by existing shareholders and issue of new shares to Mr Maran, who has been looking for an opportunity to enter the aviation industry. He held discussions to buy Star Aviation, an yet-to-be-launched regional airline in South India.

Attempts to reach Mr Maran and Sanjay Aggarwal, SpiceJet’s chief executive officer, failed. SpiceJet’s chief operating officer Samyukta Sridharan, in response to an ET query, said, “As a policy, we do not comment on market rumours and speculation.”

Financial services group Religare is also in the race, but yet to do the due diligence, said a person having direct knowledge of the development. The Anil Ambani Group had showed some initial interest.

Advisory firm Ernst & Young (E&Y) is doing the financial due diligence for SpiceJet and law firm Amarchand & Mangaldas & Suresh A Shroff & Co is advising Mr Maran on legal issues.

Financial services firm Edelweiss is advising SpiceJet on the deal. Key executives within the airline said the Maran group had done initial reference check on the SpiceJet management some time ago.

Aviation analysts and experts, who have been tracking SpiceJet, said valuations for the airline can be the deal breaker. “SpiceJet is one of the most expensive airlines in the country,” said a source from one of the major advisory firms in the country, not wanting to be identified.

“If one compares on the basis of number of aircraft, Kingfisher Airlines with 65 aircraft has a market cap of Rs 1,286 crore whereas SpiceJet with only 20 aircraft has a market cap of Rs 1,390 crore,” he said. The stock has seen as much as 60% rise over the past six months, compared to peers like Jet Airways, which saw an increase of 42% over the same period.

US-based billionaire private equity investor Wilbur Ross has also invested in the airline and is believed to looking to sell his stake. Mr Ross invested $80 million in SpiceJet in July 2008 through foreign currency convertible bonds. In December this year, Mr Ross will either have to convert or redeem the bonds.

Mr Ross’ stake will go up to 31% if he converts the bonds, forcing him to launch the mandatory 20% open offer, which, he does not want to, sources said. “This is why Wilbur Ross is looking to sell his stake in the company,” said the person having direct knowledge of the matter. Wilbur Ross could not be contacted for comment.




Kalanithi ups SpiceJet bid, with ADAG, Religare hovering about



Media baron Kalanithi Maran has hiked his bid for 51% stake in India’s second-largest no-frills airline by around 14% to Rs800 crore from Rs700 crore earlier.

When the owner of Sun Network, south India’s biggest media company, had begun talks some months back (DNA first reported this on February 19), he had offered Rs450 crore for a majority stake.

A SpiceJet source, who did not wish to be named, said an entity belonging to the Anil Dhirubhai Ambani Group (ADAG) is also carrying out due-diligence at present.

SpiceJet has been desperately looking to raise funds for its expansion plans. The airline will begin flying overseas by the middle of this year.

Company and merchant bank sources said Religare Enterprise Ltd, the financial services company promoted by Malvinder Singh of Ranbaxy, is also keen on investing.

They said Maran has hiked his bid looking at the interest of other investors in the company.

“Maran knows SpiceJet’s need for cash. That is why he had made discounted offers earlier. He is now ready to pay Rs60-63 per share instead of the Rs55 per share,” said one of the sources.
Maran, Religare and ADAG could not be reached for comment.
On Tuesday, the SpiceJet stock closed 0.30 points higher at Rs57.85 per share from Monday’s closing price of Rs57.55 per share. It touched a high of Rs60.25 a share during the day. The airline’s market capitalisation stood at Rs1,395 crore.

“He (Maran) is acting fast so that others don’t trump him,” said the source.

But company sources said the dark horse could be Religare, which is keen on entering the commercial aviation space.
“Going by the current offers, the final valuation for a 51% stake in the SpiceJet could settle around Rs 900-950 crore,” said the source.

He said fresh rounds of stake-sale discussions started when one of SpiceJet’s promoters, Bhupendra Kansagra, had come to New Delhi on Monday from London.

Kansagra and family own 13% stake in the airline.

“He (Kansagra) is seriously looking to cash out but Ajay Singh, who has around 4.5% stake, does not want to let that happen at this point in time,” he said.

Singh was not available for comment.

Interestingly, US-based turnaround investor Wilbur Ross, who has put $80 million into the airline, is also looking at pumping in more funds.

“Right now, he (Ross) is in no mood to exit the company. He is interested in putting in more funds. If needed, the company may even issue fresh equity to bring in new investors,” said a company source in the know.


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PostPosted: Thu Apr 01, 2010 7:54 am 
Airport authorities planning introduction of overseas flights


L. Srikrishna

Proposals are being examined at the top-level for implementation


MADURAI: With the new terminal building in Madurai airport expected to become fully operational by July-August, the authorities are contemplating introduction of international services to destinations like Singapore and Kuala Lumpur based on market feedback.

A reliable Airports Authority of India (AAI) source said here on Wednesday that after the recent visit of the AAI Chairman, work is in full-swing at the airport.

The Confederation of Indian Industry, Tamil Nadu Chamber of Commerce and Industry and Madurai District Tiny and Small Scale Industries Association have impressed upon the officials about the need to introduce international flights from the temple city.

The proposals are being examined at the top level for implementation.

Currently, Madurai has nine flights per day to Chennai and one each to Mumbai and Bangalore.

The capacity for Chennai is 654 seats, 45 for Mumbai and 66 for Bangalore. But the demand is so high that on an average most of the carriers operate on 80 per cent seat factor. A seat in economy class to Chennai is priced around Rs 15,000. Though this might not directly reflect on the need for international services, it was an indicator of the potential in Madurai, the source said.

There is good potential for export of cargo to Asian countries. Madurai's jasmine, sungudi sarees and textile goods are some of the goods in demand.

The AAI has been requested to consider the proposals to operate Chennai-Madurai-Male, Madurai-Muscat, Madurai-Dubai and Singapore or Kuala Lumpur-Chennai-Madurai-Chennai flights thrice a day.

The travel industry has suggested the timings as follows: departure Chennai 12 hours, arrival Madurai 12.50; departure Madurai 13.30 and arrival Male 14.35.

In the return direction, it may leave Male at 15.35 hours, arrive Madurai at 16.40, depart Madurai at 17.30 and reach Chennai at 18.20.

The proposed Male flight on arrival at Madurai may take Singapore and Kuala Lumpur passengers on three days a week.

The suggested timings are: Chennai departure 19.20 hours, Singapore or Kuala Lumpur arrival 23.20, Singapore or Kuala Lumpur departure 01.00, arrival Chennai 05.00 and depart at 06.00; arrival at Madurai 06.50 hours and departure for Chennai at 07.30.

The travel industry has recommended that 30 to 40 passengers may fly (per flight) to Male from Madurai and that Chennai will provide a load of 40 to 50 passengers per flight.

Union Minister for Fertilizers and Chemicals M.K. Alagiri had in his election manifesto promised to introduce international services from the Madurai airport. The officials had briefed the Minister about the progress at a recent meeting.


WHY TRICHY HAS NO FLIGHT CONNECTION TO MALE DESPITE HUGE TAMIL POPULATION THERE? ALSO WILL TRICHY AIRPORT SURVIVE AFTER THE INTRODUCTION OF NEW FLIGHTS FROM MADURAI? :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:


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PostPosted: Tue Mar 30, 2010 3:57 pm 
I dont see the above posts related to Trichy? I dont understand the need of those posts in this thread.


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PostPosted: Tue Mar 30, 2010 2:54 pm 
SpiceJet takes delivery of new Boeing 737-800 airplane


This new 737-800 airplane with advanced cockpit technology and blended winglets improves safety and efficiency of the aircraft.




SpiceJet has taken the delivery of a brand new Boeing 737-800 airplane. This takes SpiceJet's fleet size to 20 airplanes with an average age of 3 years. With five more new airplane deliveries scheduled in the next year, the airline is set to grow its fleet size to 25.




This new 737-800 airplane with advanced cockpit technology and blended winglets improves safety and efficiency of the aircraft.




SpiceJet has recently announced its new schedule with strengthening of its connectivity to the NorthEast. Agartala was announced as the 19th destination in their network with the addition of a daily flight on the Kolkata-Agartala-Kolkata route effective 15 April 2010.




Sanjay Aggarwal, Chief Executive Officer, SpiceJet said, “We are excited to welcome the 20th airplane to our fleet. Having a young and state-of-the-art fleet allows us to offer reliable and comfortable service to our customers.”




In keeping with SpiceJet’s practice of naming each of its airplanes after a spice, the new aircraft is christened ‘Vanilla’. It will carry the tail sign VT-SGF.


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PostPosted: Tue Mar 30, 2010 2:51 pm 
No change in 5-year norm for overseas flights


New Delhi: Lobbying and years of debate have been unable to change the civil aviation ministry’s stand on eligibility for Indian carriers to fly abroad.


The ministry has decided to continue with the existing provision — which requires a domestic airline to have a minimum 20-aircraft fleet and five years of domestic operations before it becomes eligible to fly overseas — and decided against referring this matter again to the Cabinet.

So, low-cost carrier (LCC) SpiceJet — which completes five years of domestic flying this June — is set to fly abroad this year. But IndiGo, the most successful LCC today, will have to wait till August 2011 before being allowed the same privilege.

Three of the largest Indian carriers — Air India, Jet Airways and Kingfisher Airlines — are already operating on international routes, but in many instances, have been unable to exhaust the seats granted under bilaterals.

Meanwhile, official sources confirmed to DNA Money that though SpiceJet has been given an in-principle approval to fly to nearby destinations such as Hong Kong, Singapore, Nepal, Bangladesh and Sri Lanka from June, the final approval is still pending. In fact, the Directorate-General of Civil Aviation (DGCA) is in the process of validating the airline’s request on route allocation by verifying essentials such as fleet and aircraft, pilots and other criteria.
Sources said pending a final approval, the ministry has already given SpiceJet a “letter of comfort” which will help the airline negotiate airport slots, office premises etc at foreign locations.

In the case of IndiGo, DGCA approval will take a month or two and a similar process would be followed as in the case of SpiceJet. IndiGo is believed to have sought permission to fly to Saarc and Asean countries such as China, Hong Kong, Singapore, Malaysia, Sri Lanka, Nepal etc.

Both airlines are looking to fly narrowbody aircraft which can only be deployed on short haul routes — neither carrier is currently looking to service long-haul sectors such as Europe and the US just yet. SpiceJet has a single-aircraft type fleet comprising Boeing 737-800 with winglets and Boeing 737-900ER. IndiGo has a fleet of Airbus A320 aircraft.


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PostPosted: Tue Mar 30, 2010 2:46 pm 
Government to check books to let Indigo, SpiceJet fly abroad


Low-cost carriers SpiceJet and IndiGo will have to assure the government of their financial capability and operational preparedness to get the nod to fly abroad, a civil aviation ministry official said Monday.

'The government cannot freely offer licenses to any airlines which wishes to fly abroad. We have to look into other aspects like the financial viability of the airline as well so that it can sustain international operations even when the demand is low,' said the official, who asked not to be named.


'This is being done given the experience we had in the past when domestic airlines like Air India, Kingfisher Airlines and Jet Airways had either discontinued many flights to international destinations or rationalised their services following the global meltdown. This is something serious which the government cannot ignore,' he added.


According to the official, the norms for issuing licenses for overseas operations has been made stricter.


The ministry has asked aviation regulator, Directorate General of Civil Aviation (DGCA), to conduct a check of the airlines' preparedness to fly abroad.


Airlines which seek to fly abroad need to have at least five years of domestic operations and a fleet of at least 20 aircraft. While IndiGo Airlines has 25 aicraft and expects few more deliveries this year, SpiceJet has 19 aircraft and will take 9 more deliveries this year.


SpiceJet meets the stipulated five years of domestic operations in May this year. For Indigo, it is August next year.


Both the carriers are willing to fly to SAARC and ASEAN countries unlike Air India, Kingfisher Airlines and Jet Airways which fly to the U.S., Europe and a few south Asian and east Asian countries.


IndiGo and SpiceJet have an edge over Air India, Jet Airways and Kingfisher Airlines which have incurred losses over the past few years. The two carriers have been able to generate some operating profit.


The market share of IndiGo Airlines and SpiceJet were 13.9 percent and 12.4 percent respectively in 2009.


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PostPosted: Tue Mar 30, 2010 2:41 pm 
Kalanithi's Rs 700-cr offer not too hot for SpiceJet owners



MUMBAI: Kalanithi Maran, media baron and promoter of Sun TV, and the promoters of SpiceJet are sparring over the price being offered for a majority
stake in the budget carrier, with Mr Maran’s proposal of Rs 700 crore for a 51% stake finding few takers among the airline’s shareholders.

Mr Maran, whose interests have now spread from media to aviation, has completed due diligence and is believed to have made an offer of Rs 700 crore, or Rs 55 per share. This is not acceptable to the SpiceJet shareholders, as the offer is at a discount to the ruling market price of the stock.

The SpiceJet stock fell marginally to Rs 57.55 on Monday. At current market price, SpiceJet is valued at about Rs 1,388 crore.

“There are differences on the valuation. If that is over, a deal may be announced in a fortnight,” said an investment banker requesting anonymity. Kenya-based Kansagra family is the promoter of SpiceJet with a 13% stake. SpiceJet director Ajay Singh holds 5%.

The deal, if it goes through, will be a combination of share sale by existing shareholders and issue of new shares to Mr Maran, who has been looking for an opportunity to enter the aviation industry. He held discussions to buy Star Aviation, an yet-to-be-launched regional airline in South India.

Attempts to reach Mr Maran and Sanjay Aggarwal, SpiceJet’s chief executive officer, failed. SpiceJet’s chief operating officer Samyukta Sridharan, in response to an ET query, said, “As a policy, we do not comment on market rumours and speculation.”

Financial services group Religare is also in the race, but yet to do the due diligence, said a person having direct knowledge of the development. The Anil Ambani Group had showed some initial interest.

Advisory firm Ernst & Young (E&Y) is doing the financial due diligence for SpiceJet and law firm Amarchand & Mangaldas & Suresh A Shroff & Co is advising Mr Maran on legal issues.

Financial services firm Edelweiss is advising SpiceJet on the deal. Key executives within the airline said the Maran group had done initial reference check on the SpiceJet management some time ago.

Aviation analysts and experts, who have been tracking SpiceJet, said valuations for the airline can be the deal breaker. “SpiceJet is one of the most expensive airlines in the country,” said a source from one of the major advisory firms in the country, not wanting to be identified.

“If one compares on the basis of number of aircraft, Kingfisher Airlines with 65 aircraft has a market cap of Rs 1,286 crore whereas SpiceJet with only 20 aircraft has a market cap of Rs 1,390 crore,” he said. The stock has seen as much as 60% rise over the past six months, compared to peers like Jet Airways, which saw an increase of 42% over the same period.

US-based billionaire private equity investor Wilbur Ross has also invested in the airline and is believed to looking to sell his stake. Mr Ross invested $80 million in SpiceJet in July 2008 through foreign currency convertible bonds. In December this year, Mr Ross will either have to convert or redeem the bonds.

Mr Ross’ stake will go up to 31% if he converts the bonds, forcing him to launch the mandatory 20% open offer, which, he does not want to, sources said. “This is why Wilbur Ross is looking to sell his stake in the company,” said the person having direct knowledge of the matter. Wilbur Ross could not be contacted for comment.


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