SpiceJet’s resurgence could disrupt Indian aviation market: CAPA India
SpiceJet’s resurgence, once the new funding is in place, has the potential to disrupt the Indian aviation market in 2024 as the airline will bring its grounded aircraft back to service and lease as many planes as possible to be competitively relevant, aviation consultancy firm CAPA India said on Thursday.
Earlier this month, cash-strapped SpiceJet announced it is going to raise a total of Rs 2,241.5 crore through issuance of equity and warrants — Rs 1,591.5 crore will be raised by issuance of equity to 58 entities and Rs 650 crore will be raised by issuance of warrants on a preferential basis to five other entities.
