SpiceJet in Talks to Raise $200 Million to Ease Finance Woes
Even as forecasts for India’s aviation sector look brighter with local traffic surging 94% in July, SpiceJet, which has slipped from No. 2 to No. 5 in the rankings, may find it difficult to make a comeback. Jet Airways India Ltd. is planning to resume flying by September and Air India Ltd. is headed for a revamp under Tata Sons’ management.