SpiceJet seeking investors; JAL delisted; PAL narrows net loss
SpiceJet’s shares gained 5.5% on Friday, after the company confirmed it is seeking fresh investments to raise USD50-75 million for its future expansion. According to media reports, the LCC is in talks with media baron, Kalanithi Maran, who is reportedly considering investing close to USD100 million in the New Delhi-based airline. In Feb-2010, Dubai's Istithmar sold its 13.4% stake in SpiceJet.
