SpiceJet widens Q1 loss; eyes $200 million fundraising

SpiceJet Boeing 737NG

Source: Suparat Chairatprasert/Shutterstock

Indian low-cost operator SpiceJet is “engaging with investment bankers” to potentially raise up to $200 million in fresh funds, even as it widened its quarterly losses, punished by soaring fuel costs and a depreciating Indian Rupee.

Keep reading this article by becoming a FlightGlobal member now

PLEASE REGISTER FOR FREE OR SIGN IN TO CONTINUE READING

FlightGlobal Premium Digital

You have reached your limit of free articles for this period. Register for a FREE account to read this article and benefit from:

  • Increased access to online news and in-depth articles from:
  • FlightGlobal Premium covering the global aviation industry
  • Airline Business providing insight for business leaders
  • Weekly newsletters on topics across the industry

Join now