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SpiceJet goes on an expansion plan! Low-cost airline announces Rs 900 cr funding for fleet upgrading - Airlines/Aviation News

SpiceJet goes on an expansion plan! Low-cost airline announces Rs 900 cr funding for fleet upgrading - Airlines/Aviation News
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Ajay singhEmergency credit line guarantee schemeManaging director ajay singh

SpiceJet gets over Rs 900 crore funding; to focus on fleet upgradation, cost cutting measures

In an internal note to the senior staff on Monday, the airline said it now has a substantial bank balance of more than Rs 900 crore, including Rs 160 crore received as an instalment under the government s Emergency Credit Line Guarantee Scheme (ECLGS).

Ajay singhEmergency credit line guarantee schemeManaging director ajay singh

Delhi HC gives SpiceJet February 15 deadline to pay lessors $4 million

The HC has warned the airline that in the event it does not pay the money, it will be constrained to pass orders in the application seeking the engine s grounding.

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PLI Scheme has benefited 176 MSMEs & created 7 lakh jobs, says government s economy review

The review stated that under the PLI Scheme, which saw an outlay of Rs 1.97 lakh crore, approved 746 applications till the end of December 2023.

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SpiceJet gets over Rs 900 crore funding, focus on cost-cutting measures

The latest installment came recently after its Chairman and Managing Director Ajay Singh infused funds into the airline.

Ajay singhEmergency credit line guarantee schemeManaging director ajay singh

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