Alleged link with Mahajan spoils party for SpiceJet

New Delhi: Celebrations at SpiceJet for completing its first full year in the skies profitably, seems to have come to a rude halt.
And it's not an attack on its bottomlines from new rivals, but allegations about its funding by deceased BJP leader Pramod Mahajan and doubts over its future in view of Rahul Mahajan's critical clinical condition that's bothering this start-up.
Adding fuel to this volley of charges is the sudden absence of SpiceJet director Ajay Singh, known as a close ally to late Pramod Mahajan from his days as a minister in Atal Bihari Vajpayee's cabinet.
SpiceJet officials refuted the charges saying Singh's personal investment in the airline amounts to about Rs 10 crore, and the airline has been making operational profit for nearly four months now.
Incidentally, the market has been abuzz with reports of a growing rift between the airline director and Mahajan's family after the leader's demise.
05/06/06 Times of India

To Read the News in full at Source, Click the Headline