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
JLR’s nightmare cyberattack has taken a turn for the worse
What began as an operational outage has turned into a data breach affecting employees (past and present), exposing governance gaps that could prove costly for the UK automaker and the Tata group.
You may also like
Business
The 72 hours that saw IndiGo unravel
A crew crunch, new regulatory norms and simmering discontent push India’s biggest airline into its biggest crisis yet, one that could seriously dent its reputation for reliability.
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.