SpiceJet says it has cleared more than INR6 billion in dues since Sept. 26.
Credit: Wirestock, Inc./Alamy Stock Photo
Indian LCC SpiceJet is continuing to move itself into a more solid financial position, using newly raised cash to settle more of its obligations. The carrier was in a tenuous financial condition before an INR30 billion ($357 million) share placement in September gave it a lot more breathing room...
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SpiceJet Takes Further Steps Toward Resolving Financial Troubles is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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