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FINANCIAL NEWS
India’s SpiceJet denies Kuwait Airways set to buy 25% stake
20 Jul 2013
(MENAFN) Indian carrier SpiceJet has denied a news report from vccircle.com that Gulf carrier Kuwait Airways was seeking to buy a nearly 25 percent stake in the budget airline, Arabian Business reported.
In January, the carrier had said that it received some interest from potential investors, but it would be early to discuss the possibility of any concrete investments, according to Reuters.
The Indian government this year changed regulations allowing foreign airlines to invest in domestic carriers.
Kuwait Airways is the latest in a series of reports linking Gulf airlines to a bid for a stake in an Indian carrier and Qatar Airways has also been named several times in unfounded rumours, something which has irritated its CEO Akbar Al Baker.
Abu Dhabi’s Etihad is awaiting final approval to buy a 24 percent stake in Jet Airways for USD379 million.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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