The shareholders, at the company's 31st Annual General Meeting held here yesterday, also approved the appointment of promoter Ajay Singh and his wife Shivani Singh as directors, the company said in a regulatory filing.

Besides, the shareholders have also given their nod to the appointment of    R Sasiprabhu as an Independent Director of the Company, it said.

The shareholders also approved the airline's plans to raise loans up to Rs 5,000 crore through various instruments.

At present, SpiceJet has some 41 planes in its fleet, including 25 Boeing 737s, 14 Bombardier Q400s and two leased Airbus 320 family.

Remaining profitable for the third straight quarter, SpiceJet posted a net profit of Rs 23.77 crore in the three months ended September.

The carrier had a net loss of Rs 310.45 crore in 2014 September quarter.

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