SpiceJet hives off SpiceXpress; stock jumps
The move paves the way for SpiceXpress to raise funds independently.
spicejet cargo business
April 2023
February 2023
February 2022
SpiceJet hives off cargo business; approves ₹2,500 cr fundraise
The low-cost airline's board also proposed raising fresh capital of up to ₹2,500 crore by issuing securities to qualified institutional buyers.
Resurrecting SpiceJet
The strategy to launch the cargo business has paid off, but Ajay Singh has to ensure adequate capital for the airline, while battling rising costs and stiff competition.
