SpiceJet is exploring multiple options, including a stake sale to other airlines, to raise up to Rs 2,000 crore so that it remains a “strong and vibrant” carrier, its chairman and managing director, Ajay Singh, said on Tuesday.
SpiceJet has been making losses for the last four years. Moreover, it is currently operating less than 50 per cent flights, following the July 27 order of the aviation regulator in the wake of a spate of incidents.
“SpiceJet is exploring options for fundraising. We are doing that by looking at investments from external parties, including other airlines,” Singh said on the sidelines of an event organised by industry body ASSOCHAM. Singh and his family own 59.4 per cent in the airline,