SpiceJet in 'advance' talks for fund infusion

May 20 2014, 15:59 IST
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Kalanithi Maran-promoted carrier SpiceJet has been in need of cash for quite some time to keep it afloat. Reuters Kalanithi Maran-promoted carrier SpiceJet has been in need of cash for quite some time to keep it afloat. Reuters
SummaryAccording to a recent report, SpiceJet requires at least Rs 1,200 cr funds to remain in the skies.

Noronha, with over 14 years of airline industry experience and specialises in ground handling and airline ground operations,  will be joining SpiceJet from the consulting and auditing firm KPMG. He had earlier worked with Air India SATS, Jet Airways and Qatar Aviation Services.

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