SpiceJet s promoter, Ajay Singh, has proposed an infusion of approximately Rs 500 crore to enhance the budget carrier s financial position. The fundraise, executed through equity share or convertible securities subscription, aims to address concerns over financial viability and receive additional credit facilities under the Emergency Credit Line Guarantee (ECLG) scheme., Companies News, Times Now
The Directorate General of Civil Aviation (DGCA) has put SpiceJet under enhanced surveillance for more than three weeks now and it is an ongoing process, the official told PTI.
It also comes against the backdrop of various lessors seeking repossession of aircraft leased to SpiceJet and some of the cases have been settled by the airline