FULL STORY HEREThousands stranded as SpiceJet scraps many flights
TNN | Dec 17, 2014
The aviation ministry's decision to allow cash-strapped SpiceJet to operate flights — without even having money to buy fuel for its flights — cost thousands of passengers dear on Tuesday.
The low cost carrier (LCC) operated barely a handful of its truncated schedule of 239 daily flights (down from 332 in summer). Flyers kept waiting for hours across the country as flights got delayed or were cancelled.
FULL STORY HERESpiceJet gets 10 days to raise funds or face end
TNN | Dec 16, 2014
NEW DELHI: The Centre has given a final chance to cash-strapped SpiceJet to survive, asking the low cost carrier to raise funds within the next 10 days, possibly from promoter Sun Group chief Kalanithi Maran, or face closure.
The respite came on Monday after the SpiceJet management, led by COO Sanjiv Kapoor and Sun Group CFO S L Narayanan, reportedly told aviation authorities it would shut "tonight or in 30 days" unless the Centre saved it fr-om payment demands of oil firms and airport operators.
@India Times.
