SpiceJet approves ₹15 crore annual pay for MD Ajay Singh

Low-cost airline SpiceJet's shareholders have approved paying up to ₹15 crore as annual remuneration, including a fixed monthly salary of ₹50 lakh, for Managing Director Ajay Singh. Singh, who returned to SpiceJet in January 2015, had decided not to take salary till the airline turned profitable. The decision comes after SpiceJet continued making profits for seven straight quarters.