homeaviation NewsSpiceJet chairman likely to invest in US startups for aviation solutions, says report

SpiceJet chairman likely to invest in US startups for aviation solutions, says report

SpiceJet chairman likely to invest in US startups for aviation solutions, says report
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By CNBC-TV18 Aug 24, 2018 11:40:39 AM IST (Published)

Low-cost carrier SpiceJet’s chairman Ajay Singh is in talks with JetBlue Technology Ventures, the venture capital arms of JetBlue Airlines, to invest in aviation startups in the Silicon Valley, The Economic Times reported.

Low-cost carrier SpiceJet’s chairman Ajay Singh is in talks with JetBlue Technology Ventures, the venture capital arms of JetBlue Airlines, to invest in aviation startups in the Silicon Valley, The Economic Times reported.

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Singh, who is credited with turning around SpiceJet almost from the brink of a shutdown, is looking to tie up with startups that can contribute to the low-cost carrier’s operations, the report said citing two people aware of the development.
Any agreement that would be signed will be with Singh and not SpiceJet after a meeting that was held last week between SpiceJet’s chairman and few senior management executives from JetBlue, the report said .
According to sources, the first of the many deals will be signed with a startup Airbuy, which designs solutions to merge retail operations at airports and flights, which will enable a passenger travelling with SpiceJet to pre-order duty-free products at the airport even before landing and get delivered to a location of choice without any physical interface.
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