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Marans to transfer SpiceJet ownership to Ajay Singh

By The Assam Tribune
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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.

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Marans to transfer SpiceJet ownership to Ajay Singh

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.