{"id":557302,"date":"2023-02-22T08:54:40","date_gmt":"2023-02-22T03:24:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=557302"},"modified":"2023-02-22T09:30:58","modified_gmt":"2023-02-22T04:00:58","slug":"spicejet-to-consider-capital-raise-amid-losses-market-share-battle","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-to-consider-capital-raise-amid-losses-market-share-battle\/","title":{"rendered":"Spicejet to consider capital raise amid losses, market share battle"},"content":{"rendered":"<p> BENGALURU (Reuters) -Indian carrier Spicejet Ltd said, on Tuesday, it will consider options to raise fresh capital by issuing securities to qualified institutional buyers amid a string of quarterly losses as competition heats up in the aviation industry.<\/p>\n<p>The plan to raise capital comes as Spicejet&#8217;s cash reserves dwindle and new entrant Akasa Air jostles for a share of the market while rival Air India ramps up its revamp plans with mammoth orders for new aircraft.<\/p>\n<p>Spicejet&#8217;s market share slipped to 7.3% in January from 7.7% in December, while IndiGo retained the lion&#8217;s share of 56.3%. Akasa grabbed 2.8%, while Air India&#8217;s share was steady at 9.2%, data from the country&#8217;s aviation regulator showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) -Indian carrier Spicejet Ltd said, on Tuesday, it will consider options to raise fresh capital by issuing securities to qualified institutional buyers amid a string of quarterly losses as competition heats up in the aviation industry. The plan to raise capital comes as Spicejet&#8217;s cash reserves dwindle and new entrant Akasa Air jostles for a share of the market while rival Air India ramps up its revamp plans with mammoth orders for new aircraft. Spicejet&#8217;s market share slipped to 7.3% in January from 7.7% in December, while IndiGo retained the lion&#8217;s share of 56.3%. Akasa grabbed 2.8%, while [&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-557302","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\/557302","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=557302"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557302\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=557302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=557302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=557302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}