{"id":277411,"date":"2019-06-04T05:45:10","date_gmt":"2019-06-04T05:45:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277411"},"modified":"2019-06-04T05:45:10","modified_gmt":"2019-06-04T05:45:10","slug":"spicejet-has-offers-for-stake-in-budget-airline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-has-offers-for-stake-in-budget-airline\/","title":{"rendered":"SpiceJet has \u2018offers\u2019 for stake in budget airline"},"content":{"rendered":"<p>SpiceJet has received several proposals to buy into the company, but the Indian budget carrier is only willing to evaluate an offer if it\u2019s strategic, its chairman and majority shareholder said.<\/p>\n<p>\u201cSpiceJet has enough cash,\u201d Ajay Singh said in an interview, while attending an industry conference in Seoul.<br \/>\n\u201cWe have to see if this serves SpiceJet\u2019s long-term interests, and when we come to that determination, we\u2019ll do something. These are typical in a situation when an airline is doing well and the market is as promising as India.\u201d<\/p>\n<p>India will need 2,300 new aircraft worth $320 billion in 20 years, Boeing forecast in February, as an emerging middle-class flies for the first time. Racing to extend its share of that market is SpiceJet, the country\u2019s second-biggest no-frills carrier, which had almost shut down in 2014 after running out of cash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet has received several proposals to buy into the company, but the Indian budget carrier is only willing to evaluate an offer if it\u2019s strategic, its chairman and majority shareholder said. \u201cSpiceJet has enough cash,\u201d Ajay Singh said in an interview, while attending an industry conference in Seoul. \u201cWe have to see if this serves SpiceJet\u2019s long-term interests, and when we come to that determination, we\u2019ll do something. These are typical in a situation when an airline is doing well and the market is as promising as India.\u201d India will need 2,300 new aircraft worth $320 billion in 20 years, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-277411","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=277411"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277411\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}