<p>Emphasising that it is on the path to profitability, low-cost carrier SpiceJet on Tuesday said the airline needed recapitalisation for a turn-around while insisting that flash sales have helped it in attaining double-digit increase in revenues.<br /><br />COO Sanjiv Kapoor hinted that SpiceJet would continue with the strategy of having flash sales to ensure that no empty seats.</p>.<p>“We need to recapitalise. Efforts are on. But I cannot give you a timeline for that. Once we recapitalise, give us 9 t0 12 months (for turning profitable)," Kapoor said.<br /><br /> However, he refused to divulge the details of potential investors.</p>
<p>Emphasising that it is on the path to profitability, low-cost carrier SpiceJet on Tuesday said the airline needed recapitalisation for a turn-around while insisting that flash sales have helped it in attaining double-digit increase in revenues.<br /><br />COO Sanjiv Kapoor hinted that SpiceJet would continue with the strategy of having flash sales to ensure that no empty seats.</p>.<p>“We need to recapitalise. Efforts are on. But I cannot give you a timeline for that. Once we recapitalise, give us 9 t0 12 months (for turning profitable)," Kapoor said.<br /><br /> However, he refused to divulge the details of potential investors.</p>
