Founder-Hexpertify.c... • 1y
"The Hero Who saved a Airline Twice" Bankruptcy to Billions #6 Ajay Singh returns to save SpiceJet Ajay Singh Bought ModiLuft(bankrupt Airline) and renamed as Spicejet with three leased aircraft, and Rs 10 crore of investment.SpiceJet took off on 23 May 2005.By 2008, SpiceJet was India's third-largest low-cost carrier. However, Singh sold most of his stake in 2010 to Kalanithi Maran. In 2014 Spicejet suffered by huge loss,Civil Aviation warned over non-payment of salaries and dues,all flights were grounded after oil companies refused to refuel its planes the Airline was in the verge of Bankruptcy. Then Singh stepped in, bought the controlling stake and turned around by renegotiating debts, optimizing operations, enhancing service quality, implementing innovative marketing. Singh successfully transformed SpiceJet from a struggling airline on the verge of bankruptcy to a profitable industry leader.
Founder-Hexpertify.c... • 1y
This is more than a takeover for Tata Group Bankruptcy to Billions #7 Tata's Air India Story Air India was founded by J.R.D. Tata in 1932 as Tata Airlines.In 1948 Indian govt acquired 49 percent stake and renamed it as Air India.Air India expanded
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Dexter Capital Advisors • 1y
You won’t find all of this info in one place anywhere else 🙏🙏 This is about SpiceJet Limited- All in one single deep dive. So, tighten your seatbelts, as we take off on this crazy flight! .. In the last ~5yrs, SpiceJet has earned big in 5 ways
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Dexter Capital Advisors • 1y
What next for Ather? A Hero subsidiary status? 😅😅 With the latest development, that has never been more likely. Let's dive in! .. Whenever Ather Energy’s in need of more money, Hero pounces in. -> This was evident in the Sep rights issue where
See MoreTrivias Around start... • 1y
Cool is not so nice: VICE The Spectacular Rise and Fall of Vice Media: In the early 2010s, Vice Media was the hottest name in new media. The company behind iconic documentaries like "The Vice Guide to Travel" and cutting-edge journalism was
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