SpiceJet exploring stake sale to raise Rs 2,000 cr, says CMD Ajay Singh

SpiceJet is looking to raise investments from external parties, including airlines, said Ajay Singh on the sidelines of an ASSOCHAM event

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