Ajay Singh, boss of struggling SpiceJet that laid off people to stay aloft, bids for GoFirst
10 months, 1 week ago

Ajay Singh, boss of struggling SpiceJet that laid off people to stay aloft, bids for GoFirst

Hindustan Times  

SpiceJet's managing director, Ajay Singh, and Busy Bee Airways have jointly submitted their bid for GoFirst airline, SpiceJet said on Friday. "This collaboration is anticipated to generate synergies between the two carriers, leading to improved cost management, revenue growth, and a strengthened market position within the Indian aviation industry," the statement said. Ajay Singh, who is the chairman and managing director of SpiceJet, believes that GoFirst has a lot of potential and by working closely with SpiceJet, both airlines can benefit. "Apart from coveted slots at domestic and international airports, international traffic rights, and an order for over 100 Airbus Neo planes, GoFirst is a trusted and valued brand among flyers.

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History of this topic

SpiceJet's Ajay Singh May Sell Over 10% Stake in Airline to Raise Funds
3 months, 2 weeks ago

SpiceJet's Ajay Singh May Sell Over 10% Stake in Airline to Raise Funds

News 18  

SpiceJet promoter and chairman Ajay Singh may offload more than 10 per cent stake in the struggling carrier as part of the latest funding round that is expected to close by the end of September, according to sources. One of the sources said that Singh could offload up to a 15 per cent stake in the airline if certain conditions …

SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds
3 months, 2 weeks ago

SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds

The Hindu  

SpiceJet promoter and chairman Ajay Singh may offload more than 10% stake in the struggling carrier as part of the latest funding round that is expected to close by the end of September, according to sources. One of the sources said that Mr. Singh could offload up to a 15% stake in the airline if certain conditions are conducive. Mr. …

SpiceJet along with Busy Bee Airways submit bid for bankrupt Go First
10 months, 1 week ago

SpiceJet along with Busy Bee Airways submit bid for bankrupt Go First

New Indian Express  

NEW DELHI: SpiceJet chief Ajay Singh, along with Busy Bee Airways, have submitted a bid for bankrupt Go First. In a release on Friday, SpiceJet said the bid has been submitted by Singh in his personal capacity, along with Busy Bee Airways Pvt Ltd. "SpiceJet's role as the operating partner for the new airline involves providing essential staff, services, and …

SpiceJet to submit offer to Go First after due diligence to create an ‘airline in collaboration’
1 year ago

SpiceJet to submit offer to Go First after due diligence to create an ‘airline in collaboration’

Firstpost  

The news, which pushed up SpiceJet shares by more than 7%, came after Go First’s lenders began contemplating the airline’s liquidation after they did not get any bids for it within the late November deadline Budget carrier SpiceJet said on Tuesday that it will submit an offer with the resolution professional of Go First after due diligence to “create an …

SpiceJet director Ajay Singh booked for allegedly duping businessman of lakhs, airline calls case 'bogus'
2 years, 5 months ago

SpiceJet director Ajay Singh booked for allegedly duping businessman of lakhs, airline calls case 'bogus'

India TV News  

Highlights Complaint of alleged fraud filed by an individual against Chairman Ajay Singh is bogus: SpiceJet A defamation suit will be filed against the complainant Amit Arora, said SpiceJet According to complaint, Singh had delivered fake depository instruction slip for 10L shares to Arora SpiceJet news updates : SpiceJet on Tuesday said the complaint of alleged fraud filed by an …

Can Ajay Singh save SpiceJet a second time?
3 years, 4 months ago

Can Ajay Singh save SpiceJet a second time?

Live Mint  

By December of 2014, SpiceJet Ltd, then controlled by media baron Kalanithi Maran’s Sun Group, was debt-ridden and on the verge of closure. “There was still great potential in aviation, and oil prices were coming down," Singh, now the chairman and managing director of SpiceJet, told this writer in 2018. While SpiceJet is confident of getting the compensation, the auditors …

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