Kuwait Airways

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Kuwait Airways in the fray for Spicejet?

I know it is easy for names to be thrown around, but this one seems to be from a credible source. Spicejet has changed hands and names quite a few times, with the last being the change of management control, when Spicejet was sold to the Sun Group of India. Rumors going around were that Qatar Airways will be investing in the airline. However, Qatar Airways has rubbished this in the past. Last evening, Indian dealmaking website VCCircle however talked about a new participant in the deal, and they say Kuwait Airways may be interested in picking up about 25% of the airline, for a sum of Rs. 1,000 Crores (about $166 million). Unlike Jet Airways where the deal also…

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