NEW DELHI/MUMBAI: Spice-Jet plans to raise a low-cost debt of Rs 300 crore as part of recapitalisation to shore up its finances after the budget carrier changed hands earlier this year, said a senior executive.
The debt is likely to be used to part-fund the airline's expansion plan. In a filing to the stock exchange on Thursday, SpiceJetBSE 1.97 % said it plans to expand its fleet by 40 per cent to 50 planes by March 2016.
22/05/15 ET Bureau/The Economic Times
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The debt is likely to be used to part-fund the airline's expansion plan. In a filing to the stock exchange on Thursday, SpiceJetBSE 1.97 % said it plans to expand its fleet by 40 per cent to 50 planes by March 2016.
22/05/15 ET Bureau/The Economic Times
