SpiceJet has mobilised its plan to revive 25 grounded aircraft, the airline said on Wednesday. Funds for the revival will be drawn from the government’s Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals, it said in a statement.
“The airline has already mobilised around ₹400 crore towards getting its grounded fleet back in the air, which will further enhance its top-line,” SpiceJet said.
Chairman and managing director of SpiceJet Ajay Singh said the airline is “meticulously working” towards resuming the service of its grounded fleet.
