SpiceJet preparing for layoffs as financial troubles intensify: Report

Unknown avatar

India’s low-cost carrier SpiceJet is once again grappling with a severe financial crunch, prompting speculation it may cut more jobs, even as salaries are delayed and the carrier seeks an urgent infusion of fresh capital to sustain operations, The Economic Times reported Saturday. The airline’s troubles come at a time when aviation fuel costs remain volatile. Chairman Ajay Singh recently

—>>Click here to continue reading