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Revival plan approved, SpiceJet opens bookings

Thu, Jan 22, 2015, 02:20 PM
New Delhi, Jan 22: A day after the civil aviation ministry approved its revival plan, budget passenger carrier SpiceJet Thursday opened bookings for flights in the upcoming summer schedule.

According to the airline, the bookings are now open for flights from March 29 to Oct 24, 2015.

On Wednesday, the ministry had approved the revival plan of the cash-strapped airline.

According to a ministry official, the revival plan which includes influx of fresh funds to restore the airline's operations under the new promoters was approved by the ministry.

The official further said that the ministry has forwarded the revival plan to market regulator Securities and Exchange Board of India (SEBI) which will take a call on whether to exempt the airline from going ahead with transfer of ownership.
Agency: IANS
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