Mumbai: Low cost carrier SpiceJet on Tuesday said that it is in “advance” talks to get a capital infusion, four days after it posted its biggest ever annual loss, which stood at Rs 1,003 crore for the recently concluded financial year.
“We are in very advanced stages of a capital infusion discussion with an external entity that when completed will help us clean up our arrears and rebuild with confidence,” SpiceJet said in a statement.
The airline however refused to name the company or give further information whether it was looking at equity infusion in the form of stake sale or capital infusion from an interested party without a possible sale of stake.
According to a recent report by Sydney-based aviation think-tank Centre for Asia Pacific Aviation (CAPA), SpiceJet requires at least Rs 1,200 crore funds to remain in the skies.
20/05/14 Indian Express
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“We are in very advanced stages of a capital infusion discussion with an external entity that when completed will help us clean up our arrears and rebuild with confidence,” SpiceJet said in a statement.
The airline however refused to name the company or give further information whether it was looking at equity infusion in the form of stake sale or capital infusion from an interested party without a possible sale of stake.
According to a recent report by Sydney-based aviation think-tank Centre for Asia Pacific Aviation (CAPA), SpiceJet requires at least Rs 1,200 crore funds to remain in the skies.
20/05/14 Indian Express
