SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes with USD 50 mn
The statement from SpiceJet comes at a time when a lessor has filed an insolvency resolution plea against the airline and crisis-hit rival Go First being admitted for voluntary insolvency resolution proceedings by the National Company Law Tribunal (NCLT) on Wednesday.
Shares of the SpiceJet fell 1 per cent to Rs 29.62 in the afternoon trade on the BSE, image