Cash-strapped SpiceJet is exploring multiple options including a stake sale to other airlines to raise up to Rs 2,000 crore, chairman-cum-managing director of the airline Ajay Singh said on Tuesday.
Singh said the airline was looking at investments from external parties, including airlines. Without divulging specific details, he said the carrier would do everything to ensure it remains a strong and vibrant player.
The shareholders of SpiceJet, which is a listed company, have approved fundraising of Rs 1,500 to Rs 2,000 crore, and some of the amounts have already been raised, he said on the sidelines of an event of industry body Assocham.
