Prock-Schauer believes it is important to be cautious while scaling up, as he has seen the perils of mindless expansion from close quarters.
IPO prospectus reveals airline’s term-sheet for 250 aircraft with Airbus has expired.
The steel-to-energy behemoth, along with its partners, plans to put in Rs 10,000 crore to expand its ports.
Raju spoke about his views on Make in India, competition from private companies and whether HAL needs a makeover.
ET had reported on June 11, SpiceJet would induct airliners from the A320 family. A wet lease entails no costs on crew or maintenance.
Premier Airways is in advanced discussions with European plane maker Airbus to buy 40 Airbus A320 neo planes at a listed value of $4.3 billion.
Low-fare carrier AirAsia India and Tata Sons are in discussion to increase the conglomerate’s stake in the airline.
A source in the know said the decision is "need based", as SpiceJet is trying to expand its network as it waits for more Boeing planes to join its fleet.
The airline’s managing director S Natrajhen, a close aide of its previous owner Kalanithi Maran, left as soon as the company changed hands.
“We are most definitely at the forefront of this initiative and strongly support flexible use of air space,” said a senior executive at IndiGo.
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