SpiceJet’s Chief, Ajay Singh, announced on Wednesday that the airline plans to raise approximately $250 million in the next few months to enhance its operations. The budget carrier is facing several challenges, including issues with lessors and debts. Singh mentioned that the airline has encountered significant challenges but remains resilient. He expressed confidence in resolving the airline’s problems and improving its financial position over the next two quarters.
Recently, SpiceJet successfully raised $150 million and is now seeking additional funds to support its operations.
During the CAPA India Aviation Summit in New Delhi, Singh stated that the airline aims to secure $250 million in funding in the coming months, emphasizing the promising future ahead.
Currently, SpiceJet has leased some aircraft to compensate for the grounded planes due to various reasons. Singh affirmed the airline’s commitment to expanding its own fleet.
Singh also highlighted the importance of establishing aviation hubs in India, emphasizing the need for concerted efforts in this direction.
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