SpiceJet expects complete turnaround in a year

Hyderabad: India's low-cost airline SpiceJet expects to complete its financial turnaround in a year's time.
SpiecJet Chief Operating Officer Sanjiv Kapoor told reporters here Monday that it would take a year to have SpiceJet as a completely new airline.
"It doesn't mean we are going to be making losses for the next one year. It means that one year later we will be in a position where we will complete the turnaround. I expect the airline to start getting profitable before the (calendar) year is over," he said.
Kapoor said they were in talks with strategic investors but declined to go into the details.
"There are a few strategic investors we are talking to. It is not 20 and it is not two. We have our plans and we are executing them," he said. He was also hopeful that this would help the company wipe out all its accumulated losses.
Read news in full 16/12/13 IANS/daijiworld.com