{"id":511677,"date":"2022-08-04T11:18:25","date_gmt":"2022-08-04T05:48:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=511677"},"modified":"2022-08-04T11:50:26","modified_gmt":"2022-08-04T06:20:26","slug":"spicejet-in-discussion-with-middle-eastern-carrier-for-possible-stake-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-in-discussion-with-middle-eastern-carrier-for-possible-stake-sale\/","title":{"rendered":"SpiceJet in discussion with Middle Eastern carrier for possible stake sale"},"content":{"rendered":"<p>Low cost carrier SpiceJet is said to be in active discussion with a Middle Eastern carrier for a possible stake sale.<\/p>\n<p>SpiceJet promoter Ajay Singh holds a stake of around 60 per cent in the budget carrier. Sources said a big Middle Eastern airline has expressed interest to pick a 24 per cent stake and a board seat in SpiceJet. A big Indian business conglomerate has also approached Singh for a stake in the airline.<\/p>\n<p>Reacting to the development, a SpiceJet Spokesperson said, &#8220;The company continues to be in discussions with various investors to secure sustainable financing and will make appropriate disclosures in accordance with applicable regulations.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Low cost carrier SpiceJet is said to be in active discussion with a Middle Eastern carrier for a possible stake sale. SpiceJet promoter Ajay Singh holds a stake of around 60 per cent in the budget carrier. Sources said a big Middle Eastern airline has expressed interest to pick a 24 per cent stake and a board seat in SpiceJet. A big Indian business conglomerate has also approached Singh for a stake in the airline. Reacting to the development, a SpiceJet Spokesperson said, &#8220;The company continues to be in discussions with various investors to secure sustainable financing and will make [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-511677","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511677","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=511677"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511677\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=511677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=511677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=511677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}