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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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