SpiceJet
SpiceJet board okays sale of Marans’stake to Ajay Singh
30 Jan 2015
SpiceJet plans to raise Rs1,500 crore by way of issuing securities and allotting non-convertible preference shares to the Marans, who will be exiting the management
SpiceJet may cut 2,000 jobs, scale down operations to stay afloat
19 Jan 2015
The cash-strapped airline is planning to balance its aircraft versus employee ratio, indicating the prospects of a lay off
Marans exit SpiceJet, transfer ownership to Ajay Singh
15 Jan 2015
Like Kingfisher Airlines, SpiceJet too was on the brink of collapse, till help came from Ajay Singh, who helped set up the low-cost carrier in 2005
Ajay Singh, JPMorgan begin talks with SEBI on SpiceJet future
14 Jan 2015
Potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with the Securities and Exchange Board of India over their investment plan for the cash-strapped airline
With Ajay Singh in pic, SpiceJet hopes to tap foreign funds
23 Dec 2014
Reports say unnamed PE firms are conducting due diligence exercise on SpiceJet and the airline is hopeful of infusion of money within the next month and half
SpiceJet founder Ajay Singh rumoured in talks to bail out airline
18 Dec 2014
Ajay Singh, the man who launched SpiceJet in 2005, along with London-based Bhulo Kansagra, may come back to bail out the troubled carrier following a meeting with aviation ministry officials on Wednesday evening
SpiceJet resumes flights on “cash-and-carry” fuel
17 Dec 2014
Jet fuel supplies to SpiceJet resumed after the airline paid cash for the purchases, but the oil companies denied having stopped fuel supplies to the troubled carrier
SpiceJet stays firmly grounded as oil firms refuse fuel on credit
17 Dec 2014
A government reprieve this week hasn’t helped SpiceJet much, as the carrier’s operations have been grounded from this morning because oil companies refuse to sell jet fuel to the cash-strapped airline on credit
SpiceJet gets some breathing space after meeting minister
16 Dec 2014
SpiceJet, owned by Kalanaithi Maran's Chennai-based Sun group, has been given a week by the government to submit a financial plan clearly stating how it plans to stay afloat
SpiceJet not ruling out stake sale to garner funds
22 Nov 2014
Global aviation consultancy CAPA has estimated that SpiceJet would need $250 million or close to Rs1,550 crore as also a continued flow of working capital in the near term
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