Daily Archives: August 13, 2008

WL Ross extends SpiceJet a $100 million lifeline

WL Ross announces execution of definitive documents for funding transaction13-Aug-2008 SpiceJet Limited and WL Ross & Co. LLC (WL Ross) announced the execution of definitive documents for a funding transaction with WL Ross and others. The completion of the transaction will make available up to INR421 crores (USD 100 million) to SpiceJet. This is higher than the INR345 crore (USD …

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Travel agents to shut shop on August 14 to fight back airlines

Travel agents to shut shop on August 14 to fight back airlinesBy Krupa Vora | Mumbai In a bid to give a strong fight to the airlines for the current commission cut scenario, 2,750 International Air Transport Association (IATA) accredited agents and 50,000 non-IATA agents will shut shops on August 14, 2008. The decision was taken at a joint meeting …

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