{"id":519792,"date":"2022-09-06T09:25:57","date_gmt":"2022-09-06T03:55:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=519792"},"modified":"2022-09-06T09:53:57","modified_gmt":"2022-09-06T04:23:57","slug":"spicejet-in-dire-need-of-recapitalisation-to-revive-operation-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-in-dire-need-of-recapitalisation-to-revive-operation-report\/","title":{"rendered":"SpiceJet in dire need of recapitalisation to revive operation: Report"},"content":{"rendered":"<p>Indian budget airline, SpiceJet Ltd, is in a dire need of recapitalisation to successfully come out of the financial storm, say industry experts, a media reported on Monday.<\/p>\n<p>According to a Livemint report, the company needs capital infusion to compete with the already existing and newly launched airlines.<\/p>\n<p>The company reported huge loss in April-June period of this quarter with its Chief Financial Officer Sanjeev Taneja resigning. From the grounding of the fuel-efficient Boeing 737 MAX in 2019 to deregistering of six aircrafts in August 2022 due to non-payment of dues to lessors, SpiceJet is witnessing a sense of unrest among its employees as their salaries are yet to be resumed to the pre-Covid levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian budget airline, SpiceJet Ltd, is in a dire need of recapitalisation to successfully come out of the financial storm, say industry experts, a media reported on Monday. According to a Livemint report, the company needs capital infusion to compete with the already existing and newly launched airlines. The company reported huge loss in April-June period of this quarter with its Chief Financial Officer Sanjeev Taneja resigning. From the grounding of the fuel-efficient Boeing 737 MAX in 2019 to deregistering of six aircrafts in August 2022 due to non-payment of dues to lessors, SpiceJet is witnessing a sense of unrest [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-519792","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519792","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=519792"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519792\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=519792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=519792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=519792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}