New Delhi: SpiceJet Ltd chairman and managing director Ajay Singh said on Friday the airline has no plans to bid for Air India. “We are too small an airline to acquire Air India itself,” Singh said on the sidelines of the opening of SpiceJet’s range of stores in Gurugram called SpiceStyle, which will sell merchandise and help the airline increase ancillary revenue. SpiceJet, with about 45 planes, controls 13% of the domestic market share. Air India was launched in 1932 by J.R.D. Its name was changed to Air India in 1946.

Source: Mint June 30, 2017 14:15 UTC