Qualified Institutional Placement – Artifex.News https://artifex.news Stay Connected. Stay Informed. Fri, 10 Jan 2025 09:27:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://artifex.news/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png Qualified Institutional Placement – Artifex.News https://artifex.news 32 32 SpiceJet to unground 10 more aircraft by mid-April https://artifex.news/article69084314-ece/ Fri, 10 Jan 2025 09:27:15 +0000 https://artifex.news/article69084314-ece/ Read More “SpiceJet to unground 10 more aircraft by mid-April” »

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Photo used for representation purpose only.
| Photo Credit: Reuters

Low-cost carrier SpiceJet on Friday (January 10, 2025) said it will unground 10 more aircraft by mid April. 

Since raising ₹3,000 crore through a Qualified Institutional Placement (QIP), the airline has added 7 aircraft and ungrounded three of its planes that needed maintenance allowing the airline to grow its active fleet size to 28 aircraft.

In a press statement, the airline said it has either added or restored a total of 60 flights over the past three months as a result of the improved aircraft capacity.

At the time of the QIP, the airline had 36 grounded aircraft out of the total 54 in its fleet.



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