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Low cost American carrier Frontier Airlines has placed a firm order for nine Airbus A321ceo (current engine option) aircraft. The deal is valued at $991 million at current list prices. The order marks the first time the airline has ordered the A321. The airline has operated every other variant of the A320 family including the smallest variant the Airbus A318 …
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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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