Unconfirmed reports in local media suggesting that new SpiceJet promotor Ajay Singh is talking with foreign airlines concerning a possible stake sale in the troubled India carrier. Even though the report state that a strategic stake sale would be some way off, shares in SpiceJet surged over 13% in intraday trading. The stock rallied 13.78% to touch intraday high of Rs 24.35.
Singh has increased service payment to Airports Authority of India (AAI) after infusing Rs 500 crore equity in the company.
Related posts
Is Chinese air travel on the path to recovery?
10th January 2023