SpiceJet receives fund from new owner
Budget carrier SpiceJet has finally received the much-need funding, with the new owner Ajay Singh infusing Rs 500 in the airline as part of his Rs 1,500 crore investment plan to revive it.
Feb 26, 2015, 10:08 AM IST
SpiceJet's new owners plan to cut fleet, shrink network
The prospective owners of low-cost carrier SpiceJet Ltd plan to cut the airline’s fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
Jan 16, 2015, 17:21 PM IST
Ajay Singh draws up five-year plan for SpiceJet revival
To revive the fortunes of SpiceJet, its original founder Ajay Singh has drawn up a five-year plan and is looking to rope in foreign investors for fund infusion.
Jan 16, 2015, 16:05 PM IST
Downsizing, restructuring part of SpiceJet revival plan: Ajay Singh
Putting in resources to revive SpiceJet, its original founder Ajay Singh on Thursday said he has drawn up a five-year plan for the cash-strapped airline that would include downsizing and other restructuring efforts.
Jan 15, 2015, 23:01 PM IST
SpiceJet revival: Singh says more investors to join in
Singh, to whom current promoters Maran family have agreed to transfer their entire over 53 percent stake as part of a revival plan, said turnaround for the airline could happen in the 2-3 quarters.
Jan 15, 2015, 20:48 PM IST
SpiceJet says looking ahead to normalcy
As SpiceJet Thursday got a new lease of life with co-founder Ajay Singh back in control, the airline said it is looking forward to get back to normalcy and may take some more steps for its revival.
Jan 15, 2015, 19:01 PM IST
