SpiceJet to induct nine more aircraft by 2012

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.