{"id":576204,"date":"2023-05-12T09:22:50","date_gmt":"2023-05-12T03:52:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576204"},"modified":"2023-05-12T09:51:46","modified_gmt":"2023-05-12T04:21:46","slug":"no-question-of-filing-for-insolvency-rumour-baseless-spicejet-cmd","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-question-of-filing-for-insolvency-rumour-baseless-spicejet-cmd\/","title":{"rendered":"No question of filing for insolvency, &#8216;rumour baseless&#8217;: SpiceJet CMD"},"content":{"rendered":"<p>There is no question of SpiceJet initiating an insolvency process and any rumour is completely baseless, said the airline\u2019s chairman and managing director Ajay Singh on Thursday. <\/p>\n<p>Aircastle\u2014an aircraft lessor to SpiceJet\u2014earlier this month filed a case at the National Company Law Tribunal (NCLT) seeking initiation of an insolvency process against the airline for non-payments of dues. SpiceJet has been making losses since FY19. <\/p>\n<p>\u201cWe are focused firmly on reviving our grounded fleet and getting more and more planes back into the air. Work on this front has already begun and the company is using the $50 million ECLGS funds and our own cash,\u201d Singh said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is no question of SpiceJet initiating an insolvency process and any rumour is completely baseless, said the airline\u2019s chairman and managing director Ajay Singh on Thursday. Aircastle\u2014an aircraft lessor to SpiceJet\u2014earlier this month filed a case at the National Company Law Tribunal (NCLT) seeking initiation of an insolvency process against the airline for non-payments of dues. SpiceJet has been making losses since FY19. \u201cWe are focused firmly on reviving our grounded fleet and getting more and more planes back into the air. Work on this front has already begun and the company is using the $50 million ECLGS funds [&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-576204","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\/576204","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=576204"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576204\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}