SpiceJet to raise Rs 3,000 crore in latest move to restore normalcy

SpiceJet aims to raise 30 billion rupees through securities for institutional investors to restore operations amid India's aviation growth. Facing quarterly losses, market share fell to 4.2% in June, below Akasa Air’s 4.7%. Competitors like IndiGo expand fleets. With 1.87 billion rupees cash, shares rose 7%. Regulatory challenges and lessors' deregistration requests persist.