SpiceJet shares tank 19% as airline marks 18th anniversary
The budget airline has seen a consistent drop in its domestic market share in 2023
The budget airline has seen a consistent drop in its domestic market share in 2023
SpiceJet has initiated the process of reviving its grounded fleet with the $50 million funds received from ECLGS and internal cash accruals.
The audit was conducted under the universal safety oversight audit programme (USOAP) on November 14 at SpiceJet’s head office in Delhi.
The airline says its business was hit by record high fuel prices, a depreciating rupee in the traditionally weak quarter.
The SpiceJet flight SG 3735, which was en route to Goa, made an emergency landing at around 11 pm last night.
Restrictions imposed on SpiceJet shall continue to be in force till the end of summer schedule as a matter of abundant caution, says DGCA.
There will be no flight cancellation as a consequence of the DGCA order, says SpiceJet.
Poor internal safety oversight and inadequate maintenance actions have resulted in degradation of the safety margins, DGCA's show cause notice to SpiceJet says.
Many SpiceJet passengers took to Twitter after they were stuck at airports across the country.