Friday, June 18, 2010

Maran set to buy 40% in SpiceJet

If SpiceJet’s fragmented ownership has prevented the airline from expanding its fleet as there was always a sense of uncertainty in the ownership, what about the non-fragmented and non-experienced ownership of the novice suitor, Mr. Kalanithi Maran?
Well, are we supposed to assume that the no-objection certificate previously obtained from the Ministry of Civil Aviation to run a non-scheduled air passenger service an acceptable credential?
If the current speculations will become the reality of tomorrow, it is highly recommended for Mr. Maran to appoint a technocratic team to run the airline on his behalf. Otherwise, there will be a giant question mark wrapping the future operation of SpiceJet.

Date: 15 June 2010 commenting on http://www.livemint.com/

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