Airline
Companies News

SpiceJet Promoter Ajay Singh Infuses Rs 500 Cr Into Airline To Strengthen Financial Position

SpiceJet promoter Ajay Singh has decided to infuse Rs 500 crore into the airline by way of subscribing to fresh equity shares and through convertible instruments, or both, the airline said in a release on Wednesday. The infusion of fresh capital is expected to substantially strengthen the airline operator’s financial position and its journey towards […]

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Companies News

Go First Grounded Airline Seeks Investors To Save Business

A court-appointed Resolution Professional (RP) to oversee the ongoing insolvency process of Go Airlines has invited an Expression of Interest (EOD) from potential investors. On Monday, the airline, which operates Go First, put out a newspaper advertisement regarding the EoD with relevant details. The last date for receipt of interest by investors is August 9. […]

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