Saturday, September 21, 2024

Back from the brink: SpiceJet looks at another lifeline

Thursday, September 19, 2024, 12:29
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SpiceJet has secured Rs 3,000 crore in funding through an oversubscribed QIP, giving the struggling airline another chance at survival. Promoter Ajay Singh had previously saved the airline from collapse nearly a decade ago. The new funds aim to help SpiceJet unground its fleet, clear dues, and enhance operations.

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