If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process. Photograph: Amit Dave/Reuters Back to the airline boardroom after almost......
Cash-strapped SpiceJet on Thursday returned to original promoter Ajay Singh for its revival as the current owner, the crisis-hit Maran family agreed to cede control with transfer of its entire 53......
Troubled budget carrier SpiceJet on Friday submitted a revival plan to the government on the basis of a proposed investment of $200 million from founding promoter Ajay Singh and US-based JP Morgan......
After all its flights remained grounded for most part of the day on Wednesday, cash-strapped SpiceJet resumed operations in the evening as oil companies, which had stopped fuel supplies to its......
The amount SpiceJet owes its vendors is much lower than what has been reported in the media, according to the crisis-hit airline’s chief operating officer Sanjiv Kapoor. He tells Business......