Spicejet To Raise Funds

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.

SpiceJet today said its board will meet on Friday to consider options to raise funds as well as to convert certain outstanding liabilities into equity shares of the company.

Financially troubled Indian carrier SpiceJet Ltd. is open to investment from external parties, including other airlines, as it seeks to raise 20 billion rupees ($250 million), Chairman Ajay Singh told reporters in New Delhi on Tuesday.

The low-cost carrier SpiceJet Ltd is looking to raise funds worth 20 billion rupees ($250.53 million), television channel ET Now tweeted on Tuesday.

SpiceJet on Tuesday said its shareholders have approved a proposal to raise funds worth up to Rs 5,000 crore.

Air travel is set to become a little more expensive with the government proposing 2 per cent levy on all domestic and international tickets to raise funds for boosting regional air connectivity.

In March, courts had ordered civil aviation regulator to de-register 11 of SpiceJet's Boeing planes following disputes with three lessors.

In late January, SpiceJet board had approved transfer of entire 58.46 per cent stake of Marans to Singh, while the company would raise Rs 1,500 crore through issuance of fresh securities under a revival plan.

The board of directors at a meeting on January 9, decided to issue up to 6,41,69,000 warrants of the face value of Rs 10 each on preferential basis to promoters with the option to apply for and be allotted an equivalent number of equity shares, SpiceJet said in a BSE filing today.

As airlines continue to find it tough to generate profits and raise funds, auditors of all three listed carriers -- Jet Airways, Spicejet and Kingfisher have raised red-flags on their 'going concern' status.

The board of Spicejet has decided to raise funds not exceeding US$ 75 million through any combination of instruments either locally or abroad, subject to approval of shareholders.

The board of Spicejet has decided to raise funds not exceeding US$ 75 million through any combination of instruments either locally or abroad, subject to approval of shareholders.

Ajay Singh, director of SpiceJet, says a 10 per cent service tax imposed on domestic air travel in the Budget would mean an increase in air ticket prices by about Rs 350-400 given that the average economy fair is between Rs 3500-4000.

Ajay Singh, director of SpiceJet, says a 10 per cent service tax imposed on domestic air travel in the Budget would mean an increase in air ticket prices by about Rs 350-400 given that the average economy fair is between Rs 3500-4000.

Ajay Singh, director of SpiceJet, says a 10 per cent service tax imposed on domestic air travel in the Budget would mean an increase in air ticket prices by about Rs 350-400 given that the average economy fair is between Rs 3500-4000.

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.

SpiceJet today said its board will meet on Friday to consider options to raise funds as well as to convert certain outstanding liabilities into equity shares of the company.

Financially troubled Indian carrier SpiceJet Ltd. is open to investment from external parties, including other airlines, as it seeks to raise 20 billion rupees ($250 million), Chairman Ajay Singh told reporters in New Delhi on Tuesday.

The low-cost carrier SpiceJet Ltd is looking to raise funds worth 20 billion rupees ($250.53 million), television channel ET Now tweeted on Tuesday.

SpiceJet on Tuesday said its shareholders have approved a proposal to raise funds worth up to Rs 5,000 crore.

Air travel is set to become a little more expensive with the government proposing 2 per cent levy on all domestic and international tickets to raise funds for boosting regional air connectivity.

In March, courts had ordered civil aviation regulator to de-register 11 of SpiceJet's Boeing planes following disputes with three lessors.

In late January, SpiceJet board had approved transfer of entire 58.46 per cent stake of Marans to Singh, while the company would raise Rs 1,500 crore through issuance of fresh securities under a revival plan.

The board of directors at a meeting on January 9, decided to issue up to 6,41,69,000 warrants of the face value of Rs 10 each on preferential basis to promoters with the option to apply for and be allotted an equivalent number of equity shares, SpiceJet said in a BSE filing today.

As airlines continue to find it tough to generate profits and raise funds, auditors of all three listed carriers -- Jet Airways, Spicejet and Kingfisher have raised red-flags on their 'going concern' status.

The board of Spicejet has decided to raise funds not exceeding US$ 75 million through any combination of instruments either locally or abroad, subject to approval of shareholders.

The board of Spicejet has decided to raise funds not exceeding US$ 75 million through any combination of instruments either locally or abroad, subject to approval of shareholders.

Ajay Singh, director of SpiceJet, says a 10 per cent service tax imposed on domestic air travel in the Budget would mean an increase in air ticket prices by about Rs 350-400 given that the average economy fair is between Rs 3500-4000.

Ajay Singh, director of SpiceJet, says a 10 per cent service tax imposed on domestic air travel in the Budget would mean an increase in air ticket prices by about Rs 350-400 given that the average economy fair is between Rs 3500-4000.

Ajay Singh, director of SpiceJet, says a 10 per cent service tax imposed on domestic air travel in the Budget would mean an increase in air ticket prices by about Rs 350-400 given that the average economy fair is between Rs 3500-4000.