Cash-strapped SpiceJet actively seeking external funding
Struggling SpiceJet has finally acknowledged it is seeking external funding including from other airlines.
SpiceJet founder Ajay Singh confirmed it is on the lookout for external funding.
“We are doing it by way of the government-supported scheme ECLGS, getting new aircraft from Boeing and therefore through the SLB (sale and lease back) process,” Singh told local media.
“We are exploring all fundraising options.“
Singh clarified that includes investment from other airlines.
SpiceJet ‘would do everything to ensure it remains a strong and vibrant player.’
Its financial struggles are well documented.
Regulator the Directorate General of Civil Aviation (DGCA) limited the airline’s operations to 50% until it has ‘sufficient technical support and financial resources to safely operate’ a full schedule.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments