On Friday (January 26), SpiceJet (SG) announced the successful raising of Rs 744 crore in the initial phase of its capital infusion through the preferential allotment of shares and warrants.
Cash hit Spicejet
Indian low-cost carrier SpiceJet (SG) is set to initiate talks with Boeing to recommence the introduction of new 737 MAX aircraft, for which the airline has an order of over 200 units.
The Delhi High Court, in a hearing on July 19, while considering the bail plea of SpiceJet (SG) Chairman and Managing Director Ajay Singh, acknowledged the gravity of the fraud allegations against him concerning a share transfer agreement.
In a move aimed at bolstering its financial position, budget airline SpiceJet (SG) has announced that its CEO and Promoter, Ajay Singh, will inject Rs 500 crore into the company.
SpiceJet (SG), one of India’s leading airlines, has temporarily suspended its flights on the Puducherry-Bengaluru-Hyderabad route until July 2, 2023, citing operational concerns.