Amidst GoFirst fiasco, SpiceJet says it has mobilised plan to revive its 25 grounded aircrafts

PUNE: Amidst GoFirst suspending operations for three days due to its grounded fleet and filing for voluntary insolvency, SpiceJet on Wednesday said that it has mobilized its plan to revive its 25 grounded aircraft.

Funds for the revival will be drawn from the government’s Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals, airline officials said.

The airline has already mobilised around Rs. 400 crore towards getting its grounded fleet back in the air, which will further enhance its top-line.