SpiceJet in talks with investors

SpiceJet in talks with investors

Lowcost carrier SpiceJet on Friday said it was in talks with investors but denied reports about selling its slots in Doha airport to Qatar Airways.

It has also sought approval from the Directorate General for Civil Aviation (DGCA) for operating 7,000 seats a week to Qatar. It currently flies to Dubai, Sharjah and Muscat.

Asked about the investment plans, SpiceJet Chief Operating Officer Sanjiv Kapoor told reporters, "we are in discussions with investors. I cannot name anybody now. We will announce it sooner or later."

He said a few investors had evinced interest in the company and the promoters were pumping in money into the airline, which has recently posted a loss of over Rs 1,000 crore for fiscal 2013-14.

Kapoor also sought to debunk reports that the Indian carrier is selling its slots in Doha airport to Qatar Airways. "This is completely baseless," he said.

In a statement to the Bombay Stock Exchange, the SpiceJet said, it "denies having any discussion with Qatar Airways for the sale of overseas slots, as reported.”

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