- Budget airline SpiceJet Ltd is in talks with the Wadia group-ownded GoAir for either a merger or to acquire a controlling stake, the Business Standard reported on Monday.
- SpiceJet chief executive Sanjay Aggarwal met GoAir managing director Jeh Wadia to discuss a deal late last month, the paper said, citing unnamed sources.
- In February, Aggarwal had said SpiceJet would look at buying opportunities and expects consolidation in the Indian airline industry over the next two years.
- GoAir currently flies to smaller cities such as Jaipur, Ahmedabad and Kochi and has applied for slots to several more.
- SpiceJet reportedly plans to set up a regional airline to connect smaller cities, the paper said.
- GoAir was looking at increasing its fleet to 20 aircraft by 2011 from five at present, the report added.
- SpiceJet’s Aggarwal on Monday told Business Standard he could not “comment on anything relating to a deal at the moment”.
- GoAir’s Wadia also refused to comment, the paper said.
- SpiceJet’s Aggarwal could not be reached immediately for comment by Reuters.
- SpiceJet and GoAir spokespersons declined to comment immediately.
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