Budget Carrier SpiceJet Doesn’t Need To Increase Capital To Fund Its Aircraft

Budget carrier SpiceJet doesn’t need to increase capital to fund its aircraft acquisitions from Canada’s Bombardier Inc, SpiceJet Chief Executive mentioned on Friday.

SpiceJet in November accepted purchase as much as thirty Nextgen turboprop aircraft from Bombardier for around USD 915 million. The initial purchase was for 15 planes.

The firm will finance the pruchase via cash in hand as well as credit, NeilMills told Reuters in an interview.

Mills wants the firm to develop “well beyond” the industry average of 14percent to 16percent above the next 12 to 18 months, and load factor to exceed 80percent in FY2011.

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Initial Public Offer

Initial Public Offer Initial Public Offer. The initial sale of share by a firm for the public. The commonest reason for a firm to start an IPO is ...…

Economic Times

Economic Times Economic Times is India biggest daily business newspaper. Economic Times furthermore stood 2nd place in entire world following the Wall Street Journal. Economic Times was ...…

Delisting of securities

Delisting of securities The word 'Delisting of securities' indicates permanent elimination of securities of a listed firm from a stock exchange. As a result of delisting, the securitie's ...…

Dematerialization Definition

Dematerialization Definition Dematerialization (Meaning) is the procedure through which physical certificates of the trader are usually transformed into an equal quantity of securities in electronic form as ...…

Common shares

Common shares Common shares are standard shares with no particular restrictions or rights and have the potential to provide the highest financial gain, but ordinary shares (common ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics