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.
SpiceJet CMD
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 will take on more Boeing 737 Max jets in the coming months, and the airline hopes to launch broadband internet access