{"id":576270,"date":"2023-05-12T10:00:59","date_gmt":"2023-05-12T04:30:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576270"},"modified":"2023-05-12T10:48:34","modified_gmt":"2023-05-12T05:18:34","slug":"spicejet-says-no-plans-to-file-for-insolvency","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-says-no-plans-to-file-for-insolvency\/","title":{"rendered":"SpiceJet says no plans to file for insolvency"},"content":{"rendered":"<p>Amid growing turbulence in the Indian aviation sector following the suspension of services by Go First, budget carrier SpiceJet on Thursday sought to dispel fears of bankruptcy saying the rumours regarding the company\u2019s filing for insolvency is \u201ccompletely baseless\u201d.<\/p>\n<p>\u201cThere is absolutely no question of filing for insolvency. Any rumour regarding the same is completely baseless,\u201d said SpiceJet Chairman and Managing Director Ajay Singh.<\/p>\n<p>Quashing the rumours of insolvency, Singh said the company is taking steps to revive its grounded fleet using the $50 million fund it received from the government&#8217;s Emergency Credit Line Guarantee Scheme (ECLGS) and internal cash accruals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid growing turbulence in the Indian aviation sector following the suspension of services by Go First, budget carrier SpiceJet on Thursday sought to dispel fears of bankruptcy saying the rumours regarding the company\u2019s filing for insolvency is \u201ccompletely baseless\u201d. \u201cThere is absolutely no question of filing for insolvency. Any rumour regarding the same is completely baseless,\u201d said SpiceJet Chairman and Managing Director Ajay Singh. Quashing the rumours of insolvency, Singh said the company is taking steps to revive its grounded fleet using the $50 million fund it received from the government&#8217;s Emergency Credit Line Guarantee Scheme (ECLGS) and internal cash [&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":[176,146,130],"tags":[],"class_list":["post-576270","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576270","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=576270"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576270\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}