We will revive grounded aircraft and lease some of them. Hopes to overcome fundraising challenges: SpiceJet CMD Ajay Singh – The Economic Times Video

Indian low-cost carrier SpiceJet is raising 22.5 billion rupees (200 million rupees) through an issue of preference shares and warrants as the troubled airline seeks to return to full operating capacity after grounding about a quarter of its fleet. It was announced on Tuesday that it would raise $69.9 million). “We expect to overcome the fundraising challenges,” said CMD Ajay Singh while talking to ET Now.