SpiceJet may tie-up with US companies to diversify business

Low-cost airline SpiceJet is all set to enter into major business partnerships with two American companies, which includes an international airline, to diversify its activities beyond aviation, as per news reports.

The Gurgaon-based airline is planning to enter the digital and technology space, the report added. They are also interested in the cargo, courier, and logistics business.

With a market-share of about 13%, it is the largest airline in the country by the number of passengers carried. Now, the company is participating in the UDAN scheme (connecting unserved and underserved airports at affordable cost by providing a subsidy to the operators), which will aid more routes.

SpiceJet Ltd is currently at Rs114.15, up Rs0.7, or 0.62%, from its previous close of Rs113.45 on the BSE.
The scrip opened at Rs114.20 and has touched a high and low of Rs117 and Rs113.20, respectively. So far, 15,08,394 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs6,800.76cr.

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