The budget carrier SpiceJet has failed to give a comprehensive revival plan to the government so far, even as its dues towards the Airports Authority of India (AAI) mounted to Rs 240 crore.
The budget carrier had presented a plan to the civil aviation ministry late last month, but was told to give a revised comprehensive plan with more detail. The airline was expected to include detail on the proposed investments last week, but that has not been presented.
SpiceJet’s founding promoter, Ajay Singh is reported to be in talks with a unit of US-based banking and financial services holding company JPMorgan Chase. The potential investors are likely to buy stake from current promoter Kalanithi Maran by infusing $200 million and help the airline stay afloat.
Company Name | CMP |
---|---|
Interglobe Aviation | 4290.50 |
SpiceJet | 59.74 |
Global Vectra Helico | 191.40 |
Jet Airways (I) | 46.25 |
Taneja Aerospace | 450.10 |
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