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SpiceJet plans covid rebuild with capital raising, cargo split

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₹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!

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