SpiceJet set to get US$200m boost from founder, JPMorgan
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New Delhi
JPMORGAN Chase & Co is partnering with SpiceJet Ltd's co-founder for a US$200 million holding in the distressed Indian carrier, a senior government official said.
A private-equity unit of JPMorgan and Ajay Singh, who quit as a director of the airline in 2010, plan to buy the entire stake held by majority shareholder Kalanithi Maran, said the official with direct knowledge of Mr Singh's plans.
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