{"id":576320,"date":"2023-05-12T10:39:40","date_gmt":"2023-05-12T05:09:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576320"},"modified":"2023-05-12T12:00:23","modified_gmt":"2023-05-12T06:30:23","slug":"no-plans-for-insolvency-filing-focused-on-reviving-grounded-fleet-spicejet-says","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-plans-for-insolvency-filing-focused-on-reviving-grounded-fleet-spicejet-says\/","title":{"rendered":"No plans for insolvency filing, focused on reviving grounded fleet, SpiceJet says"},"content":{"rendered":"<p>Indian low-cost carrier SpiceJet Ltd said on Thursday it had no plans to file for insolvency, days after the National Company Law Tribunal (NCLT) issued a notice to the Ajay Singh-promoted private carrier on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against it.<\/p>\n<p>\u201cSpiceJet has initiated the process of reviving its grounded fleet with the $50 million funds received by the airline from the government\u2019s Emergency Credit Line Guarantee Scheme (ECLGS) and internal cash accruals,\u201d the company said in a stock exchange filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian low-cost carrier SpiceJet Ltd said on Thursday it had no plans to file for insolvency, days after the National Company Law Tribunal (NCLT) issued a notice to the Ajay Singh-promoted private carrier on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against it. \u201cSpiceJet has initiated the process of reviving its grounded fleet with the $50 million funds received by the airline from the government\u2019s Emergency Credit Line Guarantee Scheme (ECLGS) and internal cash accruals,\u201d the company said in a stock exchange filing.<\/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":[192,130,136],"tags":[],"class_list":["post-576320","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\/576320","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=576320"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576320\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}