SpiceJet faces enhanced surveillance by DGCA; airline strongly denies claims financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
SpiceJet Rubbishes Report Of DGCA's "Enhanced Surveillance" pragativadi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pragativadi.com Daily Mail and Mail on Sunday newspapers.
In May, SpiceJet clarified and assured investors that it has no plans of filing for insolvency even as it faces a financial crunch. “There is absolutely no question of filing for insolvency. Any rumours regarding the same is completely baseless. We are focussed firmly on reviving our grounded fleet and getting more and more planes back into the air,” Ajay Singh, Chairman and Managing Director, was quoted as saying in a media release.
The airline had also recently informed about entering into a settlement agreement with Nordic Aviation Capital (NAC), a major lessor for its Q400 aircraft, where it settled all past liabilities for the Q400s planes leased by NAC to SpiceJet. The airline presently operates five Q400 aircraft from NAC in its fleet.