SpiceJet secured approximately $100 million in funding from private investor WL Ross & Co. and Dubai-based Istithmar World Capital. The Indian LCC announced last month that it preferred Ross as a partner rather than Kingfisher Airlines (ATWOnline, July 16). Istithmar's participation boosted the capital injection from the originally announced $80 million. Ross Chairman Wilbur Ross Jr. said the financing "is intended to give SpiceJet the staying power to get through the industry ...

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