SpiceJet refutes claims it will be the next airline bankruptcy
India budget carrier SpiceJet hit back at reports it could be the next airline bankruptcy.
In a move to reassure investors and customers, SpiceJet assured there are no plans for insolvency proceedings.
The airline has been under scrutiny following the bankruptcy filing of Go First.
Spicejet has been under financial pressure for many months.
“There is absolutely no question of filing for insolvency. Any rumours are completely baseless,” it said.
SpiceJet has had to use a $50 million government loan.
At the same time aircraft lessors have petitioned the government to deregister three SpiceJet aircraft to enable them to repossess.
Several SpiceJet aircraft are grounded due to various technical issues.
The airline says it remains in talks with potential investors to raise cash.
Aircraft lessor Carlyle Aviation Partner recently acquired a 7.5% stake in negotiations seeking unpaid lease fees.
Read Full Story
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt