Omani-based sovereign wealth fund now interested in SpiceJet stake

Spicejet is now reportedly in talks with private equity funds, an Oman-based sovereign wealth fund (SWF), foreign airlines as well as an Indian conglomerate regarding the sale of a minority stake in the LCC to fund its expansion plans. 

The announcement comes as Tigerair refuted claims it had reached out to the Indian carrier over a potential investment. According to the report in the Indian media, it is not certain when the airline will conclude a deal as talks with several airlines and PE firms have been going on since September 2012.

Source: CH-Aviation