SpiceJet planning to spread wings, considering partnership with US companies
What's the story
Low-cost carrier SpiceJet is considering entering into major business-partnerships with two American companies, including an international-airline, and diversifying its activities beyond aviation, its chairman and managing director Ajay Singh has said.
Refraining from naming the US partners, Singh said SpiceJet is exploring an alliance with a major international carrier and also another major American company.
He said it is looking at the technology sector.
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'Must find business connected to aviation'
"We must hedge ourselves from the risk of being in a pure aviation business and find the businesses which are connected to aviation, So, we are looking at some new areas. We will be making announcements at the appropriate time," the airline's chief said.
New areas
Singh says they want to be in courier, logistics business
Singh was addressing reporters on the sidelines of the Annual Leadership Summit of US-India Strategic and Partnership Summit (USISPF) in Washington yesterday.
"We think that that's an important space to be in the digital and technology space. We want to be in the cargo, courier and logistics business. We believe that that's going to be an important part of SpiceJet's business," Singh said.
Seeking collaboration
Not expanding to US, only collaborating to improve performance: Singh
Expanding SpiceJet to the US is not on the cards right now, Singh said, adding that the company is looking more at the collaboration in terms of improving the operating performance, and finding a new technology to improve consumer experience.
There would be some strategic understanding with US companies in the sphere of cargo and courier, he said.