Royal Airways to be renamed SpiceJet

The shareholders of Royal Airways will meet on February 28, 2005 to clear a proposal to change the name of the company to SpiceJet.

According to a release issued to the BSE today, the meeting will also consider a proposal to authorise the board to allot up to 15,30,000, 10% fully convertible debentures (FCDs) of Rs 100 each totalling Rs 15.30 crore on preferential/private placement basis.