Spicejet Ltd (SPJT.BO)
19 Dec 2014
|Market Cap (Mil.):||Rs7,912.74|
|Shares Outstanding (Mil.):||599.45|
NEW DELHI - The co-founder of SpiceJet is leading a $240 million rescue effort to pull the low-cost carrier back from the brink of collapse, in a bold bet on the recovery of an industry plagued by high costs and heavy losses.
NEW DELHI, Dec 19 - The co-founder of India's SpiceJet is leading a $240 million rescue effort to pull the low-cost carrier back from the brink of collapse, in a bold bet on the recovery of an industry plagued by high costs and heavy losses.
Dec 19 - The following corporate finance-related stories were reported by media:
NEW DELHI, Dec 19 - A former part-owner of India's SpiceJet Ltd is leading a 12 billion rupees ($190.5 million) bailout plan to rescue the budget carrier from collapsing, two Indian newspapers reported on Friday.
* Temporarily grounds flights on Wednesday (Adds decision to resume flights, details)
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)
NEW DELHI - Loss-making airline SpiceJet Ltd won a crucial reprieve from clamouring creditors on Tuesday, after the government asked airport operators and fuel suppliers to give the carrier more time to pay its bills.
* Oil firms, airport operators to give SpiceJet more time to pay
NEW DELHI, Dec 15 - Indian airline SpiceJet Ltd has asked the government and aviation regulators for concessions that would allow the cash-strapped carrier to keep flying, the minister of state for civil aviation said on Monday.
NEW DELHI - SpiceJet Ltd cut its fleet by about a third in September and will operate 22-24 Boeing planes until at least the middle of next year, its chief operating officer said, as the loss-making budget carrier looks to cut costs.