The beer and wine tycoon of India is new airline tycoon now. He is none other than Vijay Mallya, who acquired the controlling stake in the low cost airline Air Deccan in the month of May this year.

Now, he has his eye on the next low cost airline in working in India, SpiceJet. On Friday he said that he is now interested in India’s second largest low cost carrier SpiceJet.

He, at the same time, said:

I am not a predator of the other airlines in the sector. If SpiceJet is interested, I am sure they will invite me.

However, Mallya has made it clear that he has not talked with anybody in SpiceJet for this matter. The SpiceJet officials and promoters have also denied any kind of the deal in-making with Mallya.

A senior most official of SpiceJet said that the company has not initiated any discussion. He said: Neither we have approached anyone nor anybody else has approached us in this matter.

Earlier on May 31, Vijay mallya’s UB group had taken 26% stake in Deccan Aviation Ltd for Rs 550 crore. Now, the UB group, the owner of Kingfisher Airlines, would launch another offer to Deccan aviation to take another 20% stake in Air Deccan in the month of July.

The trends are giving indication that the Indian aviation industry is experiencing the major consolidation as earlier the Jet airways took over Air Sahara, The Indian Airlines merged with Air India and Kingfisher Airlines took 26% stake in Air Deccan and planned to take 20% more.

Presently, Tata group has 10% stake in the SpiceJet, Royal Holdings Services has 12.91%, Istitmar has 13.42% in SpiceJet that owns 13 airctafts.

Via: Times of India