The airline cancelled all flights indefinitely on Wednesday, saying it hoped to 'bring the flying sun back into the skies'.
It was reported by Mumbai-based CNBC-TV18 that those investors are private equity firms TPG Capital and Indigo Partners, Indian wealth fund National Investment and Infrastructure Fund , and UAE-based Etihad Airways, which already owns a 24% stake.
He said the company's value was"dwindling with each passing day" and rivals are preparing to step in.SpiceJet has promised an extra 27 planes will be added to its fleet over the next fortnight and India's biggest airline IndiGo is also rapidly expanding. SpiceJet shares were at their highest since February last year, up as much as 15%, while shares in IndiGo's parent company InterGlobe Aviation were up 3%.
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