SpiceJet gains lifeline, but losing money
On 15-Jul-08, SpiceJet announced that US billionaire Wilbur Ross will invest USD80 million into the cash-strapped carrier. The latest financial figures published stated that SpiceJet lost USD30.9 million in the financial year ended 31-Mar-08. [518 words]
Unlock the following content in this report:
- Renegotiates aircraft contracts with Boeing
- Expands revenue base with cargo services
Graphs and data:
- Total cargo traffic growth (year-on-year) at Indian airports:
May-07 to Apr-08
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