Tuesday, December 29, 2015

SpiceJet to purchase new planes this fiscal

Budget carrier SpiceJet plans to order new aircraft for its fleet during this fiscal and chairman Ajay Singh on Monday underlined the importance of ensuring that aircraft were purchased in "an optimal manner".
"These orders will stay with SpiceJet for 10-15 years and we must put our best foot forward and make sure we buy these planes in an optimal manner," Singh told reporters after the company's annual general meeting here.
"We hope that we can do it in this financial year. It is important to get it right. It is not important whether you do it in one or two months. Let's get it right," he said.
Explaining that the response to RFP (Request for Proposal) for new planes is being evaluated, Ajay Singh said: "We will take the best decision in the interest of the company."
"We need to find the cheapest way of financing SpiceJet. This time, I don't think equity dilution is the best way to do it. We will look at other options," he added.
28/12/15 Business Today
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