Spice Jet Airlines in Trouble – V6 Spot Light
Trouble seems to be pilling up for debt-ridden SpiceJet as media reports suggest that the budget carrier may be heading the Kingfisher way. DGCA has also sought details on dues to various vendors from SpiceJet to ascertain the airline’s financial condition. SpiceJet owes about Rs 200 crore to the Airports Authority of India. Spicejet has been in financial mess, posting record losses of Rs 1003 crore in FY14, which were five times higher than previous year.