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 […]
SpiceJet has entered into a settlement agreement with Nordic Aviation Capital (NAC), a major lessor for its Q400 aircraft. In a statement, the airline said the agreement settles all past liabilities for the Q400s leased by NAC to SpiceJet. The airline presently operates five Q400 aircraft from NAC in its fleet. Separately, the airline will […]
United Kingdom‐based SRAM & MRAM Group will invest USD 100 million in SpiceXpress and Logistics. Both sides have signed an MoU as part of the investment deal, SpiceJet said in an official statement. This move comes after SpiceJet successfully separated SpiceXpress into an independent entity as of 1 April 2023, paving the way for the […]
