According to a Livemint report, the company needs capital infusion to compete with the already existing and newly launched airlines.
The company reported huge loss in April-June period of this quarter with its Chief Financial Officer Sanjeev Taneja resigning. From the grounding of the fuel-efficient Boeing 737 MAX in 2019 to deregistering of six aircrafts in August 2022 due to non-payment of dues to lessors, SpiceJet is witnessing a sense of unrest among its employees as their salaries are yet to be resumed to the pre-Covid levels.
According to experts quoted in LiveMint report, the carrier is confident of resuming full operations once the curbs are lifted. The budget airline has been lucky to get funding for its survival, say analysts in the report.
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