Troubled low-cost carrier SpiceJet will restructure its balance sheet, raise fresh equity and go for fleet expansion, said chairman Ajay Singh on Monday. The airline, which is in the process of hiving off its cargo business, will raise capital in thenew subsidiary and may be to some extent in the parent entity.
Speaking at the CAPA India Aviation Summit 2023, Singh added, “We are trying to restructure the balance in a significant way. You will see a vastly different balance sheet over the next two quarters.”
