{"id":516297,"date":"2022-08-24T09:19:44","date_gmt":"2022-08-24T03:49:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516297"},"modified":"2022-08-24T09:39:30","modified_gmt":"2022-08-24T04:09:30","slug":"spicejet-exploring-stake-sale-to-raise-rs-2000-cr-says-cmd-ajay-singh-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-exploring-stake-sale-to-raise-rs-2000-cr-says-cmd-ajay-singh-2\/","title":{"rendered":"SpiceJet exploring stake sale to raise Rs 2,000 cr, says CMD Ajay Singh"},"content":{"rendered":"<p>SpiceJet is exploring multiple options, including a stake sale to other airlines, to raise up to Rs 2,000 crore so that it remains a \u201cstrong and vibrant\u201d carrier, its chairman and managing director, Ajay Singh, said on Tuesday.<\/p>\n<p>SpiceJet has been making losses for the last four years. Moreover, it is currently operating less than 50 per cent flights, following the July 27 order of the aviation regulator in the wake of a spate of incidents.<\/p>\n<p>\u201cSpiceJet is exploring options for fundraising. We are doing that by looking at investments from external parties, including other airlines,\u201d Singh said on the sid\u00ade\u00adlines of an event organised by industry body ASSOCHAM. Singh and his family own 59.4 per cent in the airline, and the remaining is owned by the public.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet is exploring multiple options, including a stake sale to other airlines, to raise up to Rs 2,000 crore so that it remains a \u201cstrong and vibrant\u201d carrier, its chairman and managing director, Ajay Singh, said on Tuesday. SpiceJet has been making losses for the last four years. Moreover, it is currently operating less than 50 per cent flights, following the July 27 order of the aviation regulator in the wake of a spate of incidents. \u201cSpiceJet is exploring options for fundraising. We are doing that by looking at investments from external parties, including other airlines,\u201d Singh said on the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-516297","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=516297"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516297\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}