Showing posts with label Air lines. Show all posts
Showing posts with label Air lines. Show all posts

Saturday, December 20, 2014

Investors told to put Rs 200 crore intoSpiceJet by year-end

The government has asked troubled SpiceJet's potential investors, led by co-founder Ajay Singh, to put in at least Rs 200 crore into the airline by the year-end. Singh, who had sold his stake to current
Promoter Kalanithi Maran in 2010, is planning to pump in about Rs 1,300 crore along with a couple of global PE funds and re-acquire the airline.