NEW DELHI, Jan 15 (PTI): Capping weeks of uncertainty over its future, beleaguered SpiceJet today said its promoter Kalanithi Maran would transfer his entire stake in
the carrier to original founder Ajay Singh as part of plans to revive it.
The proposal of the principal shareholder and promoter, Maran and KAL Airways Pvt Ltd, to transfer the ownership, management and control of the no-frills airline to
Singh was approved by the SpiceJet board at its meeting today.
