SpiceJet plans to raise $250m by Aug 2022 to lease more planes, expand capacity, and improve its balance sheet.
SpiceJet, India's budget airline, plans to raise $250m by Aug 2022 to lease more planes, expand capacity, and improve its balance sheet within two quarters. CEO Ajay Singh emphasized the importance of aviation hubs in India, with the incoming government urged to support their development. Despite challenges including lease and debt issues, Singh remains optimistic about SpiceJet's growth prospects.
June 05, 2024
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