SpiceJet seeks relief on ₹144 crore Maran payment, cites financial losses, Gulf flight cancellations

Budget airline SpiceJet told the Delhi high court on Tuesday that it faces a severe liquidity crunch and is unable to deposit ₹144.5 crore as directed in its ongoing arbitration dispute with Kalanithi Maran and KAL Airways Pvt. Ltd.

Almost 40% of SpiceJet’s flights to Gulf destinations have been cancelled due to the ongoing war, worsening its financial position, the carrier said in a submission made before a bench of Justice Subramonium Prasad.