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SpiceJet in preliminary talks with investors to raise funds: Report

25 Nov 2014 Evaluate

SpiceJet is reportedly in preliminary stage of talks with investors for raising fresh capital that it needs to return to profitability. SpiceJet, which this month reported its fifth consecutive quarter of losses, has been trying to raise fresh capital for much of this year.

The airline, controlled by billionaire Kalanithi Maran's Sun Group, has been losing money as competition for passengers forces fares down and, like rivals, it battles with some of the highest operating costs in the aviation industry.

The airlines has been seen as a potential target by foreign airlines eager for exposure to one of the world’s fastest growing aviation markets after rules were eased in 2012 to allow foreign carriers to buy up to 49 per cent in local airlines.

SpiceJet is India’s most preferred airline who delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations.

SpiceJet Share Price

13.50 -0.38 (-2.74%)
20-Apr-2026 10:04 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4619.00
SpiceJet 13.50
Raymond 419.00
Global Vectra Helico 201.70
Taneja Aerospace 277.45
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