Go First saga: SpiceJet to revive 25 grounded aircraft, mobilises Rs 400 cr
Following the filing of insolvency by Go First Airline, Indian airline SpiceJet on Wednesday announced that it is reviving its plan to mobilise 25 grounded aircraft. The funds for revival will be drawn from the Centre’s Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals, it said in a statement.
The airline said it has already mobilised around Rs 400 crore towards getting its grounded fleet back in the air, further enhancing its top line.
Ajay Singh, chairman and managing director (MD) of SpiceJet, said, “We are meticulously working towards return to service of our grounded fleet back in the air soon.
