Business News›Industry›Transportation›Airlines / Aviation›Will revive grounded aircraft, lease some; expect to overcome problems with fundraise: SpiceJet CMD Ajay Singh
Will revive grounded aircraft, lease some; expect to overcome problems with fundraise: SpiceJet CMD Ajay Singh
India's low-cost carrier SpiceJet on Tuesday said it would raise 22.5 billion rupees ($269.9 million) through the issue of preferential shares and warrants as the troubled airline seeks to return operations to full capacity after the grounding of about a fourth of its fleet. "Expect to overcome problems with fundraise", said CMD Ajay Singh while talking to ET Now.
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