MoneyWorks4Me

SpiceJet to raise an additional Rs 300 crore: Report

21 May 2015 Evaluate

SpiceJet is reportedly looking to raise an additional Rs 300 crore and increase its fleet size to 45-50 aircraft by the end of fiscal 2015.

Currently, the low-cost carrier has 15 Bombardier and 19 Boeing aircraft in its fleet. However, Indian courts in March had ordered India’s aviation regulator to deregister 11 of SpiceJet’s Boeing planes following disputes with three lessors.

Peers
Company Name CMP
Interglobe Aviation 5030.00
SpiceJet 10.18
TAAL Tech 1091.30
Taneja Aerospace 352.45
Global Vectra Helico 138.95
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