Two years after its launch, the Vinay Dube-led airline is planning to reach out to institutional investors and family offices to shore up its cash reserves as slow aircraft delivery from Boeing derails growth.
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The Ajay Singh-led airline may have claimed it has turned profitable, or has a positive net worth for the first time in a decade, but a closer look suggests otherwise.
The past two months have seen the founder and chief executive of the low-cost airline battle intense regulatory scrutiny and suspension of senior executives. While a smart management move has brought some peace, the airline’s troubles are far from over.
Since the two companies operate in completely different sectors, the argument of trademark infringement will be hard to prove, unless merchandise is involved.