SpiceJet offers Tatas a seat on board

The SpiceJet management has invited the Tata group to take a seat on the board of the Delhi-based low cost airline. The Tata group company Ewart Investments had taken a 7% stake in the company with an investment of about $17 million, which does not entitle a board seat.

However, the SpiceJet management says the company’s experience will bring value to the board. The Tata group has said the investment in the airline is purely financial and has nothing to do with their earlier ambitions in the aviation business.

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2 Responses to “SpiceJet offers Tatas a seat on board”

  1. Bill Says:

    MSN I NIIPET
    MSN

  2. Spicejet Airlines Says:

    are they merging together?

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