CHENNAI: Media baron Kalanidhi Maran today said there would be no change in brand SpiceJet after its acquisition by KAL Airlines owned by his wife and him.
"No changes on brand (SpiceJet)for now," Sun Network CEO Maran told a business television channel.
Commenting on the management, he said, "I am happy with the existing management and the airline has done well even during recession."
Stating that SpiceJet has a "strong brand recall" Maran said, "The EBITDA (Earnings Before Interest, Tax and Depreciation) of the airline may grow to 25-30 per cent".
On his future plans for the airline, he said, "We are looking at the expansion of SpiceJet in South."
He added that they would also make the airlines global. "We are looking at international routes like Dhaka, Colombo."
Earlier in the day, Maran launched an open offer to acquire an additional 20 per cent stake in the no-frill airline for an estimated Rs 479.29 crore.
The move comes two days after Maran, grand nephew of DMK chief M Karunanidhi, agreed to acquire 37.73 per cent stake in SpiceJet in his individual capacity and through his aviation company KAL Airways, at Rs 57.76 per share.
"No changes on brand (SpiceJet)for now," Sun Network CEO Maran told a business television channel.
Commenting on the management, he said, "I am happy with the existing management and the airline has done well even during recession."
Stating that SpiceJet has a "strong brand recall" Maran said, "The EBITDA (Earnings Before Interest, Tax and Depreciation) of the airline may grow to 25-30 per cent".
On his future plans for the airline, he said, "We are looking at the expansion of SpiceJet in South."
He added that they would also make the airlines global. "We are looking at international routes like Dhaka, Colombo."
Earlier in the day, Maran launched an open offer to acquire an additional 20 per cent stake in the no-frill airline for an estimated Rs 479.29 crore.
The move comes two days after Maran, grand nephew of DMK chief M Karunanidhi, agreed to acquire 37.73 per cent stake in SpiceJet in his individual capacity and through his aviation company KAL Airways, at Rs 57.76 per share.
