New Delhi: Budget airline SpiceJet Ltd would require a war chest of close to $250 million, a committed investor or group of investors with a hunger for high risk and an unwavering sight on the restructuring roadmap to fly out of the turbulence zone, said Kapil Kaul, the CEO of Centre for Asia Pacific Aviation (capa), South Asia. The airline consultancy body believes, without recapitalisation, recovery would not be "realistic."
"We estimate $250 million funding requirement to stabilise operations. (It) will require continuous flow of capital in the near term as market and competitive dynamics will remain challenging," said the head of the airline consultancy and research firm.
The no-frill airline's chief operating officer (COO) Sanjiv Kapoor told dna that it had already begun scouting for investors for recapitalisation and funding losses.
"There is a need for recapitalisation and we are looking for fresh capital," he said.
19/11/14 Daily News & Analysis
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"We estimate $250 million funding requirement to stabilise operations. (It) will require continuous flow of capital in the near term as market and competitive dynamics will remain challenging," said the head of the airline consultancy and research firm.
The no-frill airline's chief operating officer (COO) Sanjiv Kapoor told dna that it had already begun scouting for investors for recapitalisation and funding losses.
"There is a need for recapitalisation and we are looking for fresh capital," he said.
19/11/14 Daily News & Analysis
