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SpiceJet dismisses “baseless” reports of insolvency
May 12th 2023
SpiceJet chair and managing director, Ajay Singh, said the India carrier had secured funding to revive its grounded fleet and rejected reports the LCC will file for insolvency. Read More » “There is absolutely no question of filing for insolvency,” Singh said. “Any rumour regarding the same is completely baseless.” SpiceJet is returning grounded aircraft to service with the support of US$50 million from the government's Emergency Credit Line Guarantee Scheme as well as its own cash. “We are focussed firmly on reviving our grounded fleet and returning more and more planes to the air,” Singh said.
