SpiceXpress, subsidiary of SpiceJet will receive an investment of $100 million from UK-based SRAM and MRAM Group. Both sides have signed a Memorandum of Understanding (MoU) as part of the investment deal, the airline said in a statement. The MoU comes after a debt restructuring agreement between the carrier and aircraft lessor Carlyle Aviation Partner wherein the latter bought a stake in SpiceXpress at an anticipated future valuation of $1.5 billion SpiceJet Chairman and Managing Director Ajay Singh said the $100 million investment should help SpiceXpress to grow further and expand and provide a more streamlined and efficient service to

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In