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Competition Commission clears promoter Ajay Singh to acquire majority stake in SpiceJet

Feb 20, 2015

Competition Commission clears promoter Ajay Singh to acquire majority stake in SpiceJet

Fair trade watchdog Competition Commission today cleared Ajay Singh's proposal to acquire a majority stake in cash-strapped SpiceJet, moving closer to the much-needed recapitalisation of the budget carrier. #Business #India #Civil Aviation Ministry #NewsTracker #Aviation #SpiceJet #Competition Commission
CCI looking into SpiceJet's proposed deal; final decision awaited

Feb 17, 2015

CCI looking into SpiceJet's proposed deal; final decision awaited

The Competition Commission is looking into SpiceJet's proposed deal with its original promoter Ajay Singh and a decision is yet to be finalised. #Civil Aviation Ministry #Marans #SpiceJet #CCI #Ajay Singh
Flying high: SpiceJet says worst behind it, recapitalisation soon

Feb 13, 2015

Flying high: SpiceJet says worst behind it, recapitalisation soon

The civil aviation ministry has approved the revival plan for SpiceJet that would see original promoter Ajay Singh acquiring majority stake and control in the carrier, while outgoing promoters, Maran family, are also pumping in funds. #Business #Civil Aviation Ministry #SpiceJet #CompanyWatch #Ajay Singh #Sanjiv Kapoor
DGCA lifts curb on advance bookings, government clears SpiceJet plan

Jan 23, 2015

DGCA lifts curb on advance bookings, government clears SpiceJet plan

The airline had also submitted a "scheme of reconstruction and revival" for the takeover of ownership, management and control of the airline by the new promoters to the civil aviation ministry for its approval. #Business #Civil Aviation Ministry #SpiceJet #Kalanithi Maran #CompanyWatch #DGCA #Ajay Singh #Sanjiv Kapoor