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After InterGlobe Aviation, now airline Spicejet is looking at raising fresh capital through issue of equity shares/debt instrument. Recently, InterGlobe Aviation, parent of the country's largest airline IndiGo, said its board has approved raising up to Rs 3,000 crore through sale of shares to institutional investors.

The airline informed the exchange, “...The Board of Directors of the Company in its meeting scheduled on Wednesday, the 30th day of June, 2021 will discuss and consider, interalia, options for raising fresh capital through issue of equity shares/debt instrument on preferential/qualified institutions placement basis…”

Budget carrier SpiceJet had reported a standalone loss of Rs 56.95 crore for the three months to December against a profit of Rs 73.22 crore in the year-ago period. The company’s total income declined by 51.36 per cent to Rs 1,907 crore during the quarter under review as compared to Rs 3,921 crore clocked in Q3 FY20, according to a regulatory filing. The company, in a statement, said it has narrowed losses on a quarter-on-quarter basis.

The results of the quarter ending in March 31, 2021 and financial year ending March 31, 2021 will be announced on June 30, 2021.

In February, SpiceJet announced launch of 20 new flights on its domestic routes, including some services under the government's regional connectivity scheme, Udan, from late next month as part of the airline's summer schedule.

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Free Press Journal