New Delhi: Emphasising that its future now looks secure with a restructuring process underway, SpiceJet's top executive Sanjiv Kapoor said the difficult period created by some "legacy issues" are over for the carrier.
Amid the no-frills carrier facing turbulent times, its original co-founder Ajay Singh has agreed to acquire 58.46 per cent stake from the Marans as part of a revival plan that would also see recapitalisation of SpiceJet.
"The good news is that the company is, at the time of this writing, in the process of changing hands with the return to the airline of co-founder Ajay Singh as promoter, and along with that comes re-capitalisation of the airline.
"The future now looks secure," SpiceJet Chief Operating Officer Sanjiv Kapoor said.
04/02/15 PTI/Economic Times
Amid the no-frills carrier facing turbulent times, its original co-founder Ajay Singh has agreed to acquire 58.46 per cent stake from the Marans as part of a revival plan that would also see recapitalisation of SpiceJet.
"The good news is that the company is, at the time of this writing, in the process of changing hands with the return to the airline of co-founder Ajay Singh as promoter, and along with that comes re-capitalisation of the airline.
"The future now looks secure," SpiceJet Chief Operating Officer Sanjiv Kapoor said.
04/02/15 PTI/Economic Times
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