SpiceJet To Borrow From Emergency Fund To Revive Grounded Planes

Name: SpiceJet To Borrow From Emergency Fund To Revive Grounded Planes
Uploaded: Wed, 03 May 2023 12:09:16 +0530
Duration: T00H00M29S
Description: Cash-strapped low-cost carrier SpiceJet said on Wednesday that it would use emergency funds from the government to bring 25 of its grounded aircraft back into service. The announcement came a day after another low-cost carrier, Go First, filed for insolvency, blaming faulty engines for the grounding of about half of its fleet.

PUBLISHED ON: May 3, 2023 | Duration: 0 min, 29 sec

Cash-strapped low-cost carrier SpiceJet said on Wednesday that it would use emergency funds from the government to bring 25 of its grounded aircraft back into service. The announcement came a day after another low-cost carrier, Go First, filed for insolvency, blaming faulty engines for the grounding of about half of its fleet.