New Delhi: 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.
Singh, who would be taking over the management control of the cash-strapped carrier after acquiring over 53 percent stake from the current promoters, the Maran family, is awaiting approval for the proposed deal from the Civil Aviation Ministry.
The original founder has re-boarded SpiceJet amid the carrier facing financial crunch and even curtailing its operations significantly.
"The airline has given a revival and restructuring plan to the Civil Aviation Ministry for change in control, which has to be cleared by it. Once they (the Ministry) do it, we will execute the revival plan," Singh told PTI last night.
16/01/15 Zee News
Singh, who would be taking over the management control of the cash-strapped carrier after acquiring over 53 percent stake from the current promoters, the Maran family, is awaiting approval for the proposed deal from the Civil Aviation Ministry.
The original founder has re-boarded SpiceJet amid the carrier facing financial crunch and even curtailing its operations significantly.
"The airline has given a revival and restructuring plan to the Civil Aviation Ministry for change in control, which has to be cleared by it. Once they (the Ministry) do it, we will execute the revival plan," Singh told PTI last night.
16/01/15 Zee News
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