All Nippon Airways (ANA) has reportedly held talks with GoAir and SpiceJet for a stake purchase as per media reports. However there is no official confirmation of the same. Sun Group's CFO S L Narayanan is spearheading the talks with ANA as per a TOI report.
Ever since India relaxed ownership rules, allowing foreign carriers to buy up to 49% stake in domestic airlines, the sector has been buzzing with news of mergers and acquisitions.
Sources said that ANA also had discussions with Kingfisher Airlines but made no substantive progress. Malaysia's AirAsia too is exploring opportunities in India following the change in norms. SpiceJet has had an head-start in its talks with ANA but there has been no direct meeting between media tycoon and Sun Group founder Kalanidhi Maran yet.
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