SpiceJet plans to sell more shares to reduce liabilities

SpiceJet is planning to sell more shares to reduce its liabilities revealed chairman and managing director, Ajay Singh. Speaking at a recent media event, Singh said: “We are flexible. We will talk to our partners and see what it is they prefer to do. But, irrespective, we need to deleverage our balance sheet to have the space to grow, and that’s what we are trying to do.” The airline has been in financial trouble for a while now and has been in constant talks with lessors, investors and lenders for renegotiating the deals, raising funds and restructuring contracts. The airline