An airline spokesperson said Delhi-based low-cost airline SpiceJet attracted the Abu Dhabi Investment Authority (ADIA), buying shares from the open market. Neither SpiceJet nor ADIA volunteered details of how many shares or what percentage of the low cost airline’s stake…
The prospects of Go First, the grounded Indian carrier, got brighter with two of the three potential bidders confirming their bids. Ajay Singh, the promoter of LCC, SpiceJet, and Busy Bee Airways Private Limited (BBAPL) have jointly submitted a bid…
India-based airline Go First, which stopped all its flight operations in May last year, has a lease of life for another 60 days to be able to find a buyer and take to the skies again. On Tuesday, the National…
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Here’s our October update on India’s aviation sector with Nitin Sarin of Sarin & Co. Views: 14
UPDATE – Delhi-based low-cost airline SpiceJet has reported a net profit of Rs 2.05 billion for the quarter ending June 2023. This is an increase of 126 percent as compared to a net loss of Rs-7.890 billion in Q1 FY2023.…