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RegulatoryMint

SpiceJet flights cancelled due to financial crisis and dues

Negative-99

GreyOak summary

SpiceJet faces widespread flight cancellations due to unpaid airport dues, delayed salaries, and crew shortages. Only 12 of its 60 aircraft remain operational. The airline's board is scheduled to meet on November 18 to consider a fresh capital raise proposal.

What it affects

  • SPICEJETNegative -99

    Flight cancellations due to unpaid duesRolling sentiment Negative -52

Source

Read the original at Mint

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