SpiceJet said the airline would consider a share offering on a preferred basis at this week’s board meeting.
Launched in May 2005, SpiceJet was piloted by Ajay Singh and the Kansagra family. The airline aims to compete with Indian Railways’ air-conditioned buses and, of course, provide better passenger services.
SpiceJet invests heavily in safety, impeccable maintenance, and excellence. Experienced pilots, engineers, and maintenance personnel are rigorously trained and hand-selected according to their technical knowledge and experience. So you can be sure that there will be no decline. in key areas of modern flight.
From aircraft to crew and ground staff, the focus is on performance. Every SpiceJet employee is raised to be smart, friendly, efficient, and knowledgeable, ensuring that any interaction will make you feel welcome and cared for. Experienced pilots and a well-trained crew will make every flight comfortable. The philosophy is no frills, but high performance.
SpiceJet’s core management staff is made up of experienced, high-level professionals with significant international experience in launching and operating low-cost airlines. With thousands of man-hours totaling the industry, management is committed to providing Indian clients with the benefits of a global revolution happening in the sky. SpiceJet is committed to providing comfortable, affordable, and efficient travel for everyone.
SpiceJet said on Tuesday it would consider issuing shares on a senior basis and consider converting outstanding debt at its board meeting this week on Friday, February 24, 2023. The company will also consider raise new capital by issuing securities to qualified institutional buyers.
“This is to inform you that the Board of Directors of the Company in its meeting scheduled to be held on February 24, 2023 (Friday), will discuss and consider, inter-alia, issuance of equity shares on preferential basis consequent upon conversion of outstanding liabilities into equity shares of the Company, subject to applicable regulatory approvals,” the domestic airline informed in an exchange filing today.
In addition, SpiceJet added that the board will also discuss and consider options to raise new capital through the issuance of eligible securities to qualified institutional buyers, subject to appropriate regulatory approvals.