New Delhi: SpiceJet, which is evaluating a “substantial fleet order”, will seek shareholders’ approval for raising loans worth Rs 5,000 crore later this month.
The no-frills airline, that saw a change in ownership early this year amid turbulent business conditions, is also looking to consolidate its market position.
“The company’s management is in the process of evaluating a substantial fleet order to secure the long-term capacity requirements arising out of the demand forecast,” SpiceJet said in its 2014-15 annual report.
According to the report, such an order would improve the structural costs driven by long term contracts.
However, details about the proposed order were not disclosed.
Earlier this week, sources had said that SpiceJet plans to place an order for about 150 new aircraft and in this regard, the airline is in talks with various manufacturers, including Airbus and Boeing.
04/12/15 PTI/Financial Express
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The no-frills airline, that saw a change in ownership early this year amid turbulent business conditions, is also looking to consolidate its market position.
“The company’s management is in the process of evaluating a substantial fleet order to secure the long-term capacity requirements arising out of the demand forecast,” SpiceJet said in its 2014-15 annual report.
According to the report, such an order would improve the structural costs driven by long term contracts.
However, details about the proposed order were not disclosed.
Earlier this week, sources had said that SpiceJet plans to place an order for about 150 new aircraft and in this regard, the airline is in talks with various manufacturers, including Airbus and Boeing.
04/12/15 PTI/Financial Express
