Cash-strapped SpiceJet scouting for funds, investors

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 […]

SpiceJet scouting for funds from airlines, external parties: chief Ajay Singh

SpiceJet is looking for investments from external parties, including airlines, and also plans to add seven more Boeing planes to its fleet, the carrier’s chief Ajay Singh said on Tuesday. In recent times, SpiceJet has faced turbulence — especially with many of its flights suffering technical snags — and subsequently, the airline has faced actions […]