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SpiceJet rubbishes bankruptcy rumours amid NCLT turbulence, adds airline set to revive 25 grounded planes

SpiceJet's Chairman & Managing Director Ajay Singh has refuted rumours it the airline was preparing to file for bankruptcy, adding that management is in the process of reviving its grounded fleet with funds from the Indian government’s ECLGS. The statement comes after the airline received a notice from NCLT pertaining to a case brought by lessor Aircastle (Ireland) over alleged non-payment of dues. The move follows two pleas against SpiceJet from Wills Lease Finance Corporation and Acres Buildwell., Companies News, Times Now ....

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SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes with USD 50 mn

SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes with USD 50 mn
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India's Cleartrip Reports 200 Percent Surge in Summer Bookings

Cleartrip has observed a significant surge in summer bookings, with a 200 percent increase compared to the same period last year. ....

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SpiceJet to borrow Rs 400 cr to revive 25 grounded aircraft after Go First insolvency report

SpiceJet will draw the funds from the government’s Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals. ....

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SpiceJet to revive 25 grounded aircraft; to draw funds from ECLGS scheme

SpiceJet said that it has already mobilised around Rs 400 crore towards getting the grounded fleet back in air. It will further enhance its top-line. ....

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