The Government yesterday extended its condolences to families of the 15 Zimbabweans who died in a road accident when a Simlex Transport and Logistics (Pvt) Limi.
Zimbabwe: Govt Mourns 15 SA Crash Victims allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
SpiceJet share price: Ajay Singh, Chairman and Managing Director, SpiceJet, said, "Despite facing multiple challenges, we have posted a profit in Q1 FY24. I firmly believe in the potential of our airline, and I am pleased to have contributed to its growth by infusing Rs 500 crore into the company."
Recently, airline SpiceJet completed the hive off of its cargo and logistics division, SpiceXpress, into a separate entity, paving way for the company to raise funds independently. The separation has been effective from April 1.
On Wednesday, it said funds for the revival will be drawn from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals. The airline has already mobilised around Rs 400 crore towards getting its grounded fleet back in the air, which will further enhance its top line.