Maran family

Ajay Singh again becomes the owner of SpiceJet

The ownership of budget carrier SpiceJet came back in the hands of its original promoter Ajay Singh again Monday after the shares of the Marans' family were physically transferred to his account.

Feb 23, 2015, 23:22 PM IST

SpiceJet's new owners plan to cut fleet, shrink network

The prospective owners of low-cost carrier SpiceJet Ltd plan to cut the airline’s fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.

Jan 16, 2015, 17:21 PM IST

Downsizing, restructuring part of SpiceJet revival plan: Ajay Singh

Putting in resources to revive SpiceJet, its original founder Ajay Singh on Thursday said he has drawn up a five-year plan for the cash-strapped airline that would include downsizing and other restructuring efforts.

Jan 15, 2015, 23:01 PM IST