‘Abu Dhabi Investment Authority acquires SpiceJet shares from open market’
SpiceJet on Monday said Abu Dhabi’s sovereign wealth fund ADIA has acquired shares of the airline from the open market.
However, the carrier did not disclose specific details.
A source close to the airline said Abu Dhabi Investment Authority (ADIA) started buying shares in late February.
The no-frills carrier is facing multiple headwinds and is in the process of raising funds.
“ADIA has acquired shares of the airline from the open market,” a SpiceJet spokesperson said on Monday.
