United Kingdom
United States
Asia Pacific
SpiceJet refutes claims it will be the next airline bankruptcy
India budget carrier SpiceJet hit back at reports it could be the next airline bankruptcy.
In a move to reassure investors and customers, SpiceJet assured there are no plans for insolvency proceedings.
The airline has been under scrutiny following the bankruptcy filing of Go First.
Spicejet has been under financial pressure for many months.
“There is absolutely no question of filing for insolvency. Any rumours are completely baseless,” it said.
SpiceJet has had to use a $50 million government loan.
At the same time aircraft lessors have petitioned the government to deregister three SpiceJet aircraft to enable them to repossess.
Several SpiceJet aircraft are grounded due to various technical issues.
The airline says it remains in talks with potential investors to raise cash.
Aircraft lessor Carlyle Aviation Partner recently acquired a 7.5% stake in negotiations seeking unpaid lease fees.
Read Full Story
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Gatwick braces for strike