United Kingdom
United States
Asia Pacific
Cash-strapped SpiceJet actively seeking external funding
Struggling SpiceJet has finally acknowledged it is seeking external funding including from other airlines.
SpiceJet founder Ajay Singh confirmed it is on the lookout for external funding.
“We are doing it by way of the government-supported scheme ECLGS, getting new aircraft from Boeing and therefore through the SLB (sale and lease back) process,” Singh told local media.
“We are exploring all fundraising options.“
Singh clarified that includes investment from other airlines.
SpiceJet ‘would do everything to ensure it remains a strong and vibrant player.’
Its financial struggles are well documented.
Regulator the Directorate General of Civil Aviation (DGCA) limited the airline’s operations to 50% until it has ‘sufficient technical support and financial resources to safely operate’ a full schedule.
Ray Monty
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’