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SpiceJet plans to raise Rs 2,000 crore by August, increase capacity: Singh

By Economic Times - 4 months ago
SpiceJet aims to raise Rs 2,000 crore by August for capacity expansion via aircraft leasing, with plans for another round of fundraising after a previous attempt fell through due to investor withdrawals. Chairman Ajay Singh outlined a strategy to raise $250 million by mid-August, expressing confidence in the airline's resilience despite financial challenges and a reduced fleet strength of around 25 operating planes.

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