SpiceJet Chairman and Managing Director Ajay Singh on Wednesday (January 10) unveiled the airline's ambitious plans for growth and network expansion, propelled by a fund infusion of ₹2,250 crore.
Addressing shareholders at the annual general meeting (AGM), Singh emphasised that a significant portion of the fund injection would be directed towards the expansion of the airline and its network, positioning SpiceJet as a stronger player.
Excitingly, SpiceJet is set to launch new flight routes connecting Ayodhya with multiple cities across the country. Further, Singh announced exclusive rights under the Regional Connectivity Scheme (RCS) for Lakshadweep. The airline is gearing up to launch flights to Lakshadweep in the near future.
Carlyle Aviation Partners, which is a major investor in the aviation sector, is keen on investing further in SpiceJet, as per the airline. Carlyle Aviation holds a 7% stake in SpiceJet. Ajay Singh has a substantial 57% stake in SpiceJet.
Recently, the President of Carlyle Aviation and SpiceJet Chairman and MD Ajay Singh held talks on potential prospects and strategies for the airline and SpiceXpress, its cargo arm, as per reports.
SpiceJet is also interested in the acquisition of the grounded domestic airline GoFirst under its strategic plan to create a combined entity with a market share of 25%.
Shares of SpiceJet Ltd ended at ₹65.44, up by ₹3.24, or 5.21%, on the BSE.
