Unconfirmed news is filtering out of India that SpiceJet promoter Ajay Singh has pledged 46 lakh of shares to Allahabad Bank on April 30, 2015, as part of efforts to pump a total of just under $200m into the airline during 2015. Meanwhile, Philippine Airlines (PAL) has posted a 2015 first-quarter net profit of PHP3.8bn ($84.8 million), up from a $20.7 million net loss for the same period last year. Many are wondering if 2015 will be the first full year of profit for PAL since 2010-2011. It looks likely that PAL will see a full year profit. First quarter

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