AirAsia profit up as SpiceJet confirms it is in talks with a foreign investor

SpiceJet has confirmed that it is in advanced talks with a foreign investor: “We are in advanced stages of capital infusion discussions with an external entity that when completed will help us clean up our arrears and rebuild with confidence,” the airline said in a statement. As mentioned in our report last week, SpiceJet has to get working capital infused into the business at speed. It has a good track record when it comes to investment – Wilbur Ross made a strategic investment in 2008 which netted a 50% return over three years. Meanwhile many worry about AirAisa figures for