On February 22, the Delhi High Court directed SpiceJet, a low-cost airline, to settle $2 million of its outstanding dues to two engine lessors by February 29, warning of potential orders for grounding the engines if payment isn’t made. Earlier, on January 29, the court had instructed SpiceJet to pay $4 million by February 15, […]
Amidst financial instability and legal battles, SpiceJet, the budget airline, is preparing to lay off approximately 1,000 employees as part of its cost-cutting and operational streamlining efforts amidst a reduced fleet size, officials disclosed on Monday. The airline, grappling with financial woes and legal disputes, is considering further reductions in its workforce due to an […]