SpiceJet in talks with overseas investors for fund infusion - Financial Express

Kalanithi Maran-promoted carrier SpiceJet has been in need of cash for quite some time to keep it afloat. Reuters

SummaryKalanithi Maran-promoted carrier SpiceJet has been in need of cash for quite some time to keep it afloat.

India's second largest budget carrier SpiceJet, which reported a record Rs 1,003 crore net loss last fiscal, may soon receive the much-needed capital infusion as talks with an overseas investor have reached "very advanced stages".

Media baron Kalanithi Maran-promoted carrier has been in need of cash for quite some time to keep it afloat.