SpiceJet
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Related Articles from SNS
SpiceJet's cash crunch deepens: Many pilots unpaid since March, airline seeks emergency loan
Many SpiceJet pilots and employees are left waiting for their salaries since March, according to internal messages reviewed by Reuters. The news comes as the cash-strapped airline is seeking an emergency loan under a government-backed credit scheme to support its operations. As of March, SpiceJet had 375 pilots on its rolls.
India’s domestic air traffic falls 4.2% in April amid weak demand and rising costs
Domestic aviation in the country slowed down in April, with passenger traffic slipping 4.2% to just over 1.38 crore compared to March, according to the latest data released by the Directorate General of Civil Aviation (DGCA). The decline comes amid multiple headwinds, including relatively softer travel demand. The DGCA figures showed that airlines transported more than 1.38 crore passengers in April, which is also 3.47% lower than the over 1.43 crore passengers carried in April last year.