SpiceJet’s recent Rs 3,000-crore fundraise has been approved by its shareholders, signaling a bold attempt to revive the airline amid a severe financial crisis. With the aim of stabilising its faltering operations, the airline plans to raise capital through various methods, including a Qualified Institutional Placement. This comes as SpiceJet battles legal disputes, grounded aircraft, […]
Air India will begin operating Vistara flights starting November 12, 2024, following a crucial approval that allows for the full merger of the two airlines. This integration marks the end of Vistara’s nearly decade-long journey, as Tata Group and Singapore Airlines consolidate their aviation holdings under the Air India brand. The merger, viewed as a […]
In a significant stride towards augmenting its service offerings and revenue, SpiceJet has announced the finalization of a lease agreement for two wide-body A340 aircraft, specifically aimed at enhancing its upcoming Haj operations. This move reflects the airline’s dedication to providing exceptional travel experiences for its passengers and underlines its strategy for financial growth. The […]
