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SpiceJet Says It’s Open to External Investors as Funds Dwindle

  • Equity stake sale may be one way to raise part of money sought
  • Airline to add at least seven Boeing 737 Max jets this year
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Financially troubled Indian carrier SpiceJet Ltd. is open to investment from external parties, including other airlines, as it seeks to raise 20 billion rupees ($250 million), Chairman Ajay Singh told reporters in New Delhi on Tuesday.

Singh declined to say what other carriers SpiceJet may be in discussions with but indicated an equity stake sale may be one option.