SpiceJet pays salaries in phases as cash crunch cuts flight operations
SpiceJet is releasing May salaries in tranches amid persistent liquidity stress. The carrier is operating about 85 daily flights versus 140 planned for summer, with domestic market share down to 1.9% in June from 3.9% in January. NCLT has reserved its verdict on Aviator ML’s ₹60 crore insolvency claim.
SpiceJet is releasing employee salaries in phases amid persistent liquidity stress, operating only 85 daily flights against 140 planned. Its domestic share fell to 1.9% in June, while NCLT has reserved judgment on a ₹60 crore insolvency claim from lessor Aviator ML.
Why this matters
SpiceJet's salary tranches add to recent disruption: it cancelled a Delhi–Pune flight after a six-hour delay and another after a technical issue, while adding three damp-leased Airbus A320s to rebuild capacity.
Retail-company signals are accelerating, up 217400% QoQ.