According to an ET report, the cash-strapped airline will lay off around 15% of its workforce. However, SpiceJet is yet to confirm the number of jobs being cut.
The flight crew is said to have tried their best to open the door, but failed. They reportedly passed him a note before landing to 'sit on the commode lid and secure' himself.
SpiceJet said it would make the offer after conducting due diligence on Go First’s resolution professional, said the official involved in conducting airline’s insolvency process.
A third of the amount is part of a monthly settlement plan SpiceJet had previously agreed with Credit Suisse, and the rest are unpaid dues to the bank.
The aviation regulator's decision came at a time when the airline was in the process of settling dues with various lessors who were seeking repossession of its aircraft.
The airline, which currently operates five Bombardier Q400 aircraft from NAC in its fleet, said the agreement settles all past liabilities for the Q400s.
The partnership with FTAI 'will reduce maintenance expense and minimize aircraft downtime, enhancing the airline's overall performance,' said SpiceJet in a statement.
Go First’s bankruptcy and SpiceJet's troubles highlight challenges faced by airlines in maintaining sustainable operations in India's highly competitive and cost-sensitive market.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
ThePrint was first to report, on 1 February 2023, India & US were in talks for co-production of 8-wheel-drive infantry fighting vehicle developed by General Dynamics Land Systems.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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