SpiceJet Chief Ajay Singh today said the airline will be raising around USD 250 million in the next couple of months as the budget carrier works on boosting its operations.
The airline is tackling multiple headwinds, including lessor and debt woes, with Mr Singh saying the carrier has faced "significant black swan events".
"It is difficult to kill SpiceJet....and we are trying to fix the problems," he said and asserted that the airline's balance sheet will be cleaned up over the next two quarters.
Recently, the airline raised USD 150 million and is looking for more funds.
The airline plans to raise USD 250 million in the next couple of months and there is a bright enough future, Singh said at the CAPA India Aviation Summit in the national capital.
Currently, the carrier has wet leased some aircraft as many of its planes are grounded due to various reasons.
"We will grow our own fleet," Mr Singh, the Chairman and Managing Director of the airline, said.
Mr Singh also said it is critical that India has aviation hubs and "we need to take every possible step" in this regard.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Poll Rules Tweak Makes Electronic Records Harder To Get, Sparks Row
"Will Miss Birth Of My Child": Man Slammed For Pranking SpiceJet Staff With Fake Emergency Story SpiceJet Expands Domestic Network With 8 New Flights SpiceJet Removed From Enhanced Surveillance Regime Is Safe Car Enough? Volvo Crash That Killed CEO, Family Sparks Big Question Pics: Rahul Gandhi's Family Lunch At Iconic Delhi Restaurant "Nothing Short Of Nightmare": Woman Misses Life Event, Slams Air India Public Sector Hydropower Company Hiring For 118 Posts, Check Details Delhi's Air Quality Turns 'Severe' Despite GRAP-4 Restrictions PM Modi Meets Yoga Practitioner, Other Influencers In Kuwait Track Latest News Live on NDTV.com and get news updates from India and around the world.