Foreign investors aren't very interested in aiding the ailing airlines in India

Skift Take

SpiceJet’s clean and profitable reputation makes it the number one choice for investors, but few are interested in infusing capital into airlines piled high in debt with a reputation of contemptuous staff.

India’s decision allowing airlines to sell stakes of as much as 49 percent to overseas carriers may be most beneficial to operators least in need of investment.

SpiceJet continues to be profitable, while Kingfisher needs a capital infusion of $600 million to work its way back towards profitability. Photo by Praveen.

SpiceJet Ltd. (SJET), which has said it’s in “no rush” for funds, may be the most appealing target for foreign investors because of the discount carrier’s low debt and record of profitability, said Sharan Lillaney, an Angel Broking Ltd. analyst. Kingfisher Airlines Ltd. may struggle to win investment, even as billionaire Chairman Vijay Mallya seeks new financing, after posting at least five straight annual losses.

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Foreign investors aren't very interested in aiding the ailing airlines in India

Skift Take

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First read is on us.
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First read is on us.

Foreign investors aren't very interested in aiding the ailing airlines in India

Skift Take

Up Next

How Data Quality Issues Impact Global Hospitality Operations

Religious Tourism: The Indian Travel Industry’s Next Big Bet

6 Travel Startups Raise $168 Million Over 2 Weeks: Funding Roundup

Vrbo Needles Airbnb in New Campaign: We're 'Hotter' and 'Cooler'

U.S. National Parks Had a Record Year. But There’s ‘No Public Announcement’ and Staffing Shortages

First read is on us.Subscribe to read more essential travel industry news.

First read is on us.
Subscribe to read more essential travel industry news.