Private air-carrier SpiceJet plans to induct nine more aircraft by 2012, a top company official said today.
"We plan to induct nine more aircraft by 2012," SpiceJet Chief Executive Officer Sanjay Aggarwal told reporters here today.
The company is likely to break-even by March-end for this year, he said.
On fund raising, Aggarwal said the company is looking at finalising the process in the next three-six months.
"We plan to raise around $50-75 million," he said.
When asked whether an airfare hike was imminent, Aggarwal said, "We are currently studying the situation and will take a call accordingly."
He, however, said a 10 per cent hike would be reasonable in current circumstances.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app