SpiceJet draws preliminary interest from an unnamed Gulf-based airline
An unnamed Gulf-based airline has conducted preliminary due diligence on SpiceJet for possible access to India-Gulf flying rights and Boeing 737 fleet synergies. No formal proposal has been submitted, and any deal would require regulatory approvals. SpiceJet reported a Rs 261 crore Q3 FY26 loss and held 2.5% domestic market share in May.
An unnamed Gulf-based airline has conducted preliminary due diligence on acquiring SpiceJet, seeking access to India-Gulf flying rights and fleet synergies. The exploration comes as SpiceJet faces losses, substantial accumulated debt and declining domestic market share.