SpiceJet deal to alter designs in the skies

The Tata group’s proposed equity exposure in SpiceJet, albeit a ‘financial investment’, is the first sign of a subterranean shift in equations among the leading players in the domestic airline business.

The unexpected announcement has already raised the hackles of the top guns in the business, though the Tatas have been at pains to emphasise that their small stake does not entitle them even a board seat in SpiceJet.

Industry players, however, see the move as the Tatas gaining a toehold in a business they’ve always wanted to be in, though no one is willing to speak on record. SpiceJet has been in and out of news in the past one year, mostly because of the promoters’ attempts to raise money in India and abroad.

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