Asia/Pacific

SPICEJET TO PURCHASE NEW AIRCRAFT WITH CASH

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SPICEJET TO PURCHASE NEW AIRCRAFT WITH CASH

Neil Mills, chief executive of Indian budget carrier SpiceJet, has confirmed that the airline does not need to raise capital to fund its order of 30 Nextgen turboprop aircraft from Bombardier for about $915 million. The initial order was for 15 planes. The company will fund the purchase through...

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