India city Mumbai information Boeing India city Mumbai

SpiceJet plans covid rebuild with capital raising, cargo split

Reading now: 906
www.livemint.com

₹84.40 Tuesday in Mumbai. The carrier, the first in India to operate a dedicated cargo fleet, is doubling down on the airfreight business, with plans to spin it off by Jan.

1, Singh said. SpiceJet is also in talks with Boeing to buy freighter versions of 10 narrow-body and 5-10 wide-body aircraft, he said.  “The cargo business is growing very rapidly and we are looking at all opportunities to raise funds to grow this business fast quickly, and that includes selling a stake," Singh said. “We expect the valuation will be quite significant."  Never miss a story!

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA