Amidst GoFirst fiasco, SpiceJet says it has mobilised plan to revive its 25 grounded aircrafts
PUNE: Amidst GoFirst suspending operations for three days due to its grounded fleet and filing for voluntary insolvency, SpiceJet on Wednesday said that it has mobilized its plan to revive its 25 grounded aircraft.Funds for the revival will be drawn from the governments Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals, airline officials said.The airline has already mobilised around Rs. 400 crore towards getting its grounded fleet back in the air, which will further enhance its top-line.Ajay Singh, Chairman and Managing Director, SpiceJet, said, We are meticulously working towards a return to service of our grounded fleet back in the air soon. Majority of the ECLGS funding received by the airline would be utilized for the same, which will help us capitalise and make the most of the upcoming peak travel season.
Wednesday, May 3, 2023 at 4:59 am