SpiceJet, one of the major aviation players in domestic market, has received its shareholders’ approval to raise funds worth up to Rs 5,000 crore through various instruments. The company is likely to use this fund to expand its fleet. Currently, the company has some 41 planes in its fleet, including 25 Boeing 737s, 14 Bombardier Q400s and two leased Airbus 320 family.
SpiceJet was among the first private companies that stepped into the Indian aviation sector. The airline was launched with an objective to deliver the lowest air fares with the highest consumer value, to price sensitive consumers. The company has alliance with some of the best names known globally like Honeywell, Weber Seats, etc, to ensure highest safety standards.
