New Delhi: With fortunes of SpiceJet on an “upswing again”, its chairman and main promoter Ajay Singh will look at putting in more money for fleet expansion, even as he continues to explore various investment options.
Singh, the original co-founder, has so far invested about Rs 800 crore into the no-frills airline since he took back the reins last December after a major crisis had hit the company.
Under a detailed plan to bolster its fortunes, SpiceJet’s immediate priority is to further “regain consumer confidence” before embarking on fleet expansion, he said.
“We were at a phase where the airline was actually shut down… The focus is now on getting back consumer confidence and we will work on that for a few more months,” Singh told reporters here.
When asked about his fund infusion plans, Singh said so far he has invested about Rs 800 crore into the carrier.
07/06/15 Financial Express
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Singh, the original co-founder, has so far invested about Rs 800 crore into the no-frills airline since he took back the reins last December after a major crisis had hit the company.
Under a detailed plan to bolster its fortunes, SpiceJet’s immediate priority is to further “regain consumer confidence” before embarking on fleet expansion, he said.
“We were at a phase where the airline was actually shut down… The focus is now on getting back consumer confidence and we will work on that for a few more months,” Singh told reporters here.
When asked about his fund infusion plans, Singh said so far he has invested about Rs 800 crore into the carrier.
07/06/15 Financial Express
