Business

UK-based group to invest $100 million in SpiceJet subsidiary, SpiceXpress

On Monday, budget carrier SpiceJet announced that its subsidiary SpiceXpress and Logistics will receive a $100 million investment from UK-based group SRAM & MRAM. The investment comes at a time when SpiceJet is facing financial difficulties and an insolvency plea by an aircraft lessor. The carrier recently hived off SpiceXpress as a separate entity, and last week, it announced its plan to…
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