SpiceJet faces significant liabilities and legal challenges post-pandemic, despite efforts to convert debt to equity. While it celebrates 21 years of operations, it struggles against competitors like IndiGo and ongoing financial distress, compounded by the CO…
The case goes back to 2018-19 and 2019-20 when engine defects forced IndiGo to ground some aircraft. The airline lost flying hours and suffered business losses. To make up for these losses, the foreign engine supplier issued IndiGo credit notes worth around …
Noida International Airport will launch commercial flights on June 15, with IndiGo operating the inaugural service.