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SpiceJet to enter into major business partnerships with two US companies: CMD Ajay Singh

Press Trust of India  |  Washington 

Low-cost carrier is considering entering into major business partnerships with two American companies, including an international airline, and diversifying its activities beyond aviation, its Singh has said.

Acknowledging that is a "fairly high-risk enterprise", the airline's said, "We must hedge ourselves from the risk of being in a pure business and find the businesses which are connected to aviation, which would be a little more insulated from the high cost of fuel and so on.

"So, we are looking at some new areas. We will be making announcements at the appropriate time. We believe that there are significant strategic partnerships that we can enter into and we will be announcing them soon," Singh told reporters on the sidelines of the Annual Leadership Summit of US-India Strategic and Partnership Summit (USISPF) here yesterday.

He said is exploring an alliance with a major international carrier and also another major American company.

Refraining from naming the partner companies in the US, Singh said it is looking at the

"We think that that's a important space to be in the digital and We want to be in the cargo, courier and logistics business. We believe that that's going to be an important part of SpiceJet's business," Singh said, noting that this would be the "first" for an Indian

Expanding to the US is not on the cards right now, he said, adding that the company is looking more at the collaboration in terms of improving the operating performance, and finding a new technology to improve consumer experience.

There would be some strategic understanding with US companies in the sphere of cargo and courier, he said, describing it as a logistic rather than courier business.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 13 2018. 09:30 IST