SpiceJet To Borrow From Emergency Fund To Revive Grounded Planes

Wednesday, 3 May 2023Newsdesk
 SpiceJet To Borrow From Emergency Fund To Revive Grounded Planes
SpiceJet said it would draw funds from the government's Emergency Credit Line Guarantee Scheme (ECLGS).

New Delhi 03 May 2023

As per news report of NDTV,Cash-strapped low-cost carrier SpiceJet said on Wednesday that it would use emergency funds from the government to bring 25 of its grounded aircraft back into service. The announcement came a day after another low-cost carrier, Go First, filed for insolvency, blaming faulty engines for the grounding of about half of its fleet.

Source - NDTV

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