{"id":506342,"date":"2022-07-18T10:50:35","date_gmt":"2022-07-18T05:20:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=506342"},"modified":"2022-07-18T10:50:35","modified_gmt":"2022-07-18T05:20:35","slug":"mid-air-malfunctions-come-on-top-of-spicejets-financial-woes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mid-air-malfunctions-come-on-top-of-spicejets-financial-woes\/","title":{"rendered":"Mid-air malfunctions come on top of SpiceJet\u2019s financial woes"},"content":{"rendered":"<p>SpiceJet Ltd. staged one of global aviation\u2019s most remarkable turnarounds in 2015 after founder Ajay Singh swept in at the eleventh hour to rescue it. Less than a decade later, the Indian budget airline needs a revival of fortunes again.<\/p>\n<p>Once an investor darling, SpiceJet is now the worst-performing airline stock in Asia, fighting a run of negative publicity triggered by a slew of seemingly innocuous but frequent technical glitches. The airline also hasn\u2019t restored pilot salaries even after a surge in domestic demand and has delayed releasing quarterly results for the three months ended March citing a ransomware attack on its servers. It\u2019s reportedly fallen behind on statutory dues, too.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet Ltd. staged one of global aviation\u2019s most remarkable turnarounds in 2015 after founder Ajay Singh swept in at the eleventh hour to rescue it. Less than a decade later, the Indian budget airline needs a revival of fortunes again. Once an investor darling, SpiceJet is now the worst-performing airline stock in Asia, fighting a run of negative publicity triggered by a slew of seemingly innocuous but frequent technical glitches. The airline also hasn\u2019t restored pilot salaries even after a surge in domestic demand and has delayed releasing quarterly results for the three months ended March citing a ransomware attack [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-506342","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/506342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=506342"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/506342\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=506342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=506342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=506342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}