Indian low-cost carrier SpiceJet, which was threatened with aircraft lease cancellations and potential bankruptcy in recent months, has rebuffed an offer from JP Morgan Chase for an equity-led bailout. Founder Ajay Singh has regained control of the airline after a series of operational and financial problems, mainly due to the competitive Indian LCC market and its razor-thin margins in the face of competition from other regional LCCs such as IndiGo and now-defunct Kingfisher. However, ...

Subscribe to Access this Entire Article

"Indian LCC SpiceJet cool on bailout " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.