TBM Staff - Mumbai Ajay Singh, CEO, SpiceJet said at the company’s AGM yesterday that the current financial infusion will help the airline become a stronger and more resilient airline in the country, as well as expand the company’s market potential and chances. Furthermore, the new money infusion will aid in the return of its grounded aircraft.
Singh informed shareholders that the airline has exclusive rights to Lakshadweep under the government’s regional connectivity initiative and will soon begin flights to the Union Territory.
As per Singh, SpiceJet will soon begin flights to Lakshadweep and Ayodhya, and he also stated that the fresh financial infusion will help the company become stronger.
Addressing shareholders Singh also stated that a substantial portion of the money worth INR 2,250 crore will be used to expand the airline.
According to statistics from the fleet tracking website Planespotter, SpiceJet has 39 aircraft in operation as of January 7, with 26 on the ground.
