A profitable SpiceJet is running out of cash
After two consecutive quarters of profit, the Ajay Singh-led airline is still struggling to pay its employees and vendors. There’s more to it than meets the eye.
5 September, 2024•12 min
0
5 September, 2024•12 min
0

More in Business
Business
Bajaj Auto’s record numbers are eclipsing a deeper problem
The two-wheeler giant’s domestic weakness is overshadowing its global strength. Investors now want proof that Bajaj can win again at home.
You may also like
Business
IndiGo has a forex headache
India’s largest airline surprisingly doesn’t seem to have a hedging strategy that is good enough to guard against a weakening rupee. This could potentially clip its wings.
Business
How SpiceJet and India’s legal system nearly killed the aircraft leasing business
Interminable delays and multiple out-of-court settlements later, the world’s leading lessors have tweaked their India playbook—stiffer terms, higher rentals. The fallout has hit aviation startups hard.
Business
In thyssenkrupp deal, Naveen Jindal saddles up for a high-stakes ride
Acquisition of the German steelmaker would give the Indian steel entrepreneur substantial global heft. But it might also end up extracting a heavy price on his already-stretched group and its investors.








