The airline notification to an exchange does not name the shareholder. It said the fund-raising would be subject to regulatory and corporate approvals.
But its sales pitch will remain muted till India opens up more seats on the route
The no-frills carrier was launched in 2009. It began India operations a year later.
Bankers say it's a question of survival for debt-heavy companies.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
China has cast a long shadow on India's economy.
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
Airbus is now confident of crossing 1,000 net orders (excluding cancellations or conversions from previous orders) in 2014.
About 170 Airbus aircraft operate in India.
IndiGo's president Aditya Ghosh shares the growth plan.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
AirAsia's rival airlines in India have kept themselves super-busy in the past few months -- by moving court against the former's launch, adding flights on the routes where AirAsia is operating, and engaging in a price war.
Revivals nearly double q-o-q to 36 in September, highest in 3 years
But earnings of main private holding firm get a booster dose from RIL dividend
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
Online travel portals have seen a surge in bookings aided by several rounds of discount offers and a strong demand over the festival weekend.
FAA had downgraded India's safety ranking from category-II from -I after an audit revealed deficiencies in regulatory oversight.
The company expects four to five per cent revenue growth from Star Alliance membership.
