Delhi-based low-cost airline SpiceJet has restructured over $100 million outstanding dues to lessor Carlyle Aviation Partners (CAP). The lessor takes equity shares and compulsorily convertible debentures (CCDs), the airline announced on Monday. Once the transaction is...
For industry observers, the airline’s results are a surprise regarding the reported profit. SpiceJet results report profits are up 161%, while operational revenues are up 2%. The airline reported a net profit of Rs 232.8 million, excluding a foreign exchange...
Two years ago, on January 27, 2020, the Preliminary Information Memorandum for the acquisition of Air India was published by the Government of India’s Department of Investment and Public Asset Management. This was the third attempt at the privatization of Air...
Indian low-cost carrier SpiceJet is exploring options to introduce a couple of Boeing 777-200ERs to kickstart its long-haul fleet plans. The airline has recently operated various flights across the world using air bubble rights granted by the Indian government for...
After a long and uncertain period, the future of troubled Air India is now more clear. India’s industrial conglomerate Tata Group through its subsidiary Talace Pvt has become the new and 100-percent owner of Air India, low-cost subsidiary Air India Express, and 50...
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