SpiceJet scouting for funds from airlines, external parties; plans to add 7 planes by Dec-end: Ajay Singh

NEW DELHI: 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 from aviation regulator DGCA.
SpiceJet chairman and managing director Ajay Singh said it is doing the utmost to work through the stress that it has faced and the strategy is to raise resources.
“We are doing it by way of the government-supported scheme ECLGS, getting new aircraft from Boeing and therefore through the SLB process, exploring options for fundraise… we are exploring all options,” he said.