SpiceJet delayed the June salaries for certain employees, citing financial commitments. The airline sought bridge funding to stabilize its operations. Provident fund dues remained unpaid, and workforce cuts were announced. Despite raising funds, financial difficulties continued. SpiceJet planned to raise more capital and operated on reduced capacity, amidst cash crunch and legal disputes.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.