World & BusinessSpiceJet reportedly under government watch as cash-flow woes deepen
The Economic Times reports that India's aviation ministry is monitoring SpiceJet's finances and operations, with Civil Aviation Minister Ram Mohan Naidu saying regulators are focused on ensuring safety is not compromised.
TLDR
India's aviation ministry is closely monitoring SpiceJet amid persistent cash-flow stress, The Economic Times reports. The airline has received ₹1.5 billion under the government's ECLGS support scheme but continues to face pressure from weak finances, higher fuel costs and competition, the report says.
SpiceJet reportedly under government watch as cash-flow woes deepen
The Economic Times reports that India's aviation ministry is monitoring SpiceJet's finances and operations, with Civil Aviation Minister Ram Mohan Naidu saying regulators are focused on ensuring safety is not compromised.
TLDR
India's aviation ministry is closely monitoring SpiceJet amid persistent cash-flow stress, The Economic Times reports. The airline has received ₹1.5 billion under the government's ECLGS support scheme but continues to face pressure from weak finances, higher fuel costs and competition, the report says.