Ajay Singh may inject as much as 13b rupees in distressed carrier with some partners
Sat, Dec 20, 2014 - 5:50 AM
TURBULENCE AHEAD: SpiceJet delayed salary payment to staff, cancelled flights and had to give back planes in the past month as it struggled to remain operational.
AJAY Singh, a co-founder of SpiceJet Ltd, plans to invest as much as 13 billion rupees (S$270.3 million) in the distressed carrier with some partners, a person with direct knowledge of the matter said.
Mr Singh, who resigned as a director of the airline in 2010, and his...