Tuesday, February 24, 2009

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SpiceJet investor Wilbur Ross to be named director

Tuesday, February 24, 2009
Mumbai: Low-cost carrier SpiceJet Ltd on Tuesday said investor Wilbur Ross will be appointed as a director on the board in the near term, after obtaining necessary clearances from the government.
U.S.-based WL Ross & Co LLC along with Goldman Sachs (GS.N: Quote, Profile, Research) had committed an investment of 4.21 billion rupees in SpiceJet in August 2008.
24/02/09 Aniruddha Basu/Sunil Nair/Reuters
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