27-Jun-2011 10:46 AM

SpiceJet seeks Reserve Bank of India approval to raise USD270m

SpiceJet has reportedly sought the Reserve Bank of India's approval to raise USD270 million from Canada's export finance agency Export Development Canada (EDC) for aircraft purchases (Reuters, 24-Jun-2011). The carrier, which operates a fleet of 29 B737s at present, plans to add 15 Q400s from Jul-2011. The airline plans to raise the number of flights from 190 to 300 per day.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More