New Delhi: Listed SpiceJet may hit the market soon again. The low cost carrier's (LCC) promoter Ajay Singh told TOI that issuing fresh equity, without diluting his stake, is an option to fund its expansion plans.
"We have put in Rs 800 crore so far (after taking over the airline from Sun Group this February). Operationally there is no requirement for raising funds as there is restoration of confidence in brand SpiceJet among consumers and they are back with us, resulting in highest-in-industry aircraft occupancy," Singh said.
Read news in full 10/08/15 Saurabh Sinha/Economic Times
"We have put in Rs 800 crore so far (after taking over the airline from Sun Group this February). Operationally there is no requirement for raising funds as there is restoration of confidence in brand SpiceJet among consumers and they are back with us, resulting in highest-in-industry aircraft occupancy," Singh said.
Read news in full 10/08/15 Saurabh Sinha/Economic Times
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