Tag Archives: funding

Analysis: What benefits would capital infusion bring SpiceJet?

SpiceJet Boeing 737-800 VT-SPJ. Photo copyright Devesh Agarwal.

While SpiceJet’s chief operating officer Sanjiv Kapoor claims that recapitalisation is the final step of the turn-around process at the airline, there is little doubt SpiceJet desperately needs funds to continue its turn around. Aviation consultancy firm CAPA estimates around Rs 1,500 crore at the minimum. Why is this need for recapitalisation at this stage, and what benefits will it …

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Etihad received over $3 billion in secret funding from royal family: news report

Etihad Airways Boeing 777-300ER A6-ETK London Heathrow

As per a report in the Australian newspaper Sydney Morning Herald, Abu-Dhabi based Etihad Airways PJSC received massive financial support from the royal family ruling Abu Dhabi which also owns the airline via the state. This contradicts long standing denials. Fairfax Media has obtained confidential documents, prepared for potential financiers, showing the airline had access to over $3 billion (Rs.18,000 …

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US airlines and pilots sue US Exim bank to stop Air India loan guarantees

Claiming unfair advantage being giving to foreign carriers, Delta Air Lines, one of the world’s largest, along with the Air Line Pilots Association (ALPA) which represents 47,000 pilots working for 28 U.S. commercial airlines, and Hawaiian Airlines, have sued the Export-Import Bank of the United States for providing cheap financing in the form of $1.3 billion in loan guarantees and …

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Jet gets Rs 1,000 crore from Mubadala Development Co.

The Business Standard reports that Indian carrier Jet Airways is believed to have struck a deal last week with west Asian investment agency Mubadala Development Company for a funding of Rs 1,000 crore (approx $ 200 million). The instrument of funding, however, has yet to be formalised.Mubadala is wholly owned by the government of Emirates of Abu Dhabi. The tenure …

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