The EaseMyTrip CEO has formed an unlikely partnership with SpiceJet’s Ajay Singh to buy the grounded airline. Their bid has evoked interest and a question: will it work?
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The Ajay Singh-led airline may have claimed it has turned profitable, or has a positive net worth for the first time in a decade, but a closer look suggests otherwise.
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.
It was hoped that the lawmakers would factor in the interests of aircraft lessors in case of defaults. Instead, the Bhartiya Vayuyan Vidheyak Bill, 2024 has turned out to be a damp squib.