Low cost carrier had recently said that it “was not going the Kingfisher way”
Cash-strapped low cost carrier SpiceJet could be very close to reaching a deal with an investor for "recapitalisation" or infusion of funds
New Delhi: Cash-strapped low cost carrier SpiceJet could be very close to reaching a deal with an investor for “recapitalisation” or infusion of funds, amid speculation that a deal could even have been finalised.
SpiceJet was however been guarded on the subject. A SpiceJet functionary said an announcement on getting an investor on board would be made once something is finalised. The low cost carrier had recently said that it “was not going the Kingfisher way” and had indicated that talks to get an investor on board for “recapitalisation” were underway.
The airline had said it was carrying out the fleet restructuring and so has reduced the number of its flights since it would not be able to do this once an investor is on board for recapitalisation.
( Source : dc correspondent )
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