25 January, 2021

Carrier To Oblivion?

Spicejet’s woes mount, with a disinterested promoter and rising debt

Carrier To Oblivion?
outlookindia.com
-0001-11-30T00:00:00+05:53

Marans’ Many Woes

  • The Aircel-Maxis deal The CBI charged the Maran brothers under the Prevention of Corruption Act, alleging that Dayanidhi had entered into a criminal conspiracy with T. Ananda Krishnan, owner of Maxis, and forced Aircel owner C. Sivasankaran to sell his shares in Aircel
  • Sun’s monopoly A ruthless display of monopoly power in TV distribution and movies in Tamil Nadu led to many complaints. This forced CM Jayalalitha to rejuvenate Arasu Cable in 2011. It took almost a year of litigation before Tata Sky and Sun TV reached an out-of-court settlement on pricing and distribution in 2007.
  • SpiceJet Buzz The Marans, it is being said, want to exit the capital-intensive airline business. Their inaction hence could be an obvious ploy to ground the airline, much like what happened to Kingfisher.
  • The BSNL case Dayanidhi Maran is also under the CBI scanner for misutilisation of 323 BSNL lines at his Chennai residence. Meant...
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