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India: Competition Commission looking into SpiceJet deal

By  |  February 18, 2015

The Competition Commission is looking into SpiceJet’s proposed deal with its original promoter Ajay Singh and a decision is yet to be finalised. Amid turbulent times, the carrier’s board has approved a deal that would see change of ownership as well as infusion of fresh funds.

The proposed deal, which has been cleared by the Civil Aviation Ministry, is awaiting certain clearances, including from the Competition Commission of India.

The final decision on the matter is yet to be taken.

Full Content: The Economic Times

 

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