SpiceJet hives off cargo business; approves ₹2,500 cr fundraise
The low-cost airline's board also proposed raising fresh capital of up to ₹2,500 crore by issuing securities to qualified institutional buyers.
spicejet funding
February 2023
October 2022
September 2022
SpiceJet stock tanks 5% as board considers raising fresh capital
Shares of SpiceJet plunged as much as 4.8% to ₹36.50 apiece on the National Stock Exchange (NSE).
SpiceJet captains’ salaries hiked to more than pre-Covid level at ₹7 lakh/month
The no-frills carrier says the salaries of trainers and senior first officers have also been increased commensurately. The hike will be applicable from Nov 1.
SpiceJet’s scramble for survival
Past precedents with Jet Airways and Kingfisher have shown that once an airline starts spiraling downward, things often suddenly spin out of control
