Wednesday, November 19, 2014

SpiceJet rejects KFA comparison

New Delhi: SpiceJet said it was carrying out restructuring now as it would not be able to do this once an investor is on board.

Aviation regulator directorate general of civial aviation(DGCA) could also be ascertaining from SpiceJet as to how many flight cancellations per day are being resorted to, along with details of the financial liabilities of the airline.

The airline had suffered a loss of Rs 310 crore in the second quarter of the current financial year.

Amid speculation that at least Rs 1,000 crore would be required as part of the recapitalisation process, SpiceJet officials said a “reasonable sum of money” would be required.
19/11/14 Deccan Chronicle
To Read the News in full at Source, Click the Headline