Ad Here  
March
April
May
June
July
August
 
 
Tata Singapore Airlines JV to launch operations in October’14 Kingfisher brand up for sale Flying High... SpiceJet to raise capital For whom Chennai airport toils? A ruse to protect western airlines? New Chennai Terminal: Next regional hub IndiGo’s market share overtakes Jet Flying high... Red tape hits TATA SIA aircraft delivery AirAsia to sell tickets to beat competition Chennai Airport to be privatised SpiceJet considering a US $ 4 billion order Air-India targets revenue of Rs 21,500 crore India will need more aircraft Skewed planning impacts growth
 
SpiceJet to raise capital

The low cost domestic carrier, SpiceJet, is in advanced stages of negotiations for raising fresh capital from overseas investors to help fund its expansion schemes and reduce debt. “We are in advanced stages of capital infusion discussion with an external entity. When completed this will help clear up debts and arrears and build our confidence to compete more effectively with other airlines,” a spokesman of SpiceJet said.  Investors from Oman have also shown interest in SpiceJet.

SpiceJet’s shares have been on the rise with new hopes of a resurgent domestic carrier with more capital flows. Equity addition is critical to SpiceJet’s operations as most of the low cost carriers experience losses due to low seat occupation, high airport user fees and rising fuel costs.

SpiceJet has suffered a net loss of over Rs 1000 crore for FY 13-14, five times that of last year’s, Rs 190 crore, because of a weak rupee and rising input costs.

The slowdown in economic growth rate and sluggish market conditions have not been encouraging for the Indian civil aviation sector.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com