SpiceJet CFO resigns as airline reports net loss of Rs 789 crore
As SpiceJet recorded a net loss of Rs 789 crore, the airline's Chief Financial Officer Sanjeev Taneja resigned on Wednesday.
As SpiceJet recorded a net loss of Rs 789 crore, the airline's Chief Financial Officer Sanjeev Taneja resigned on Wednesday.
Sources said that settlement negotiations with some other MAX lessors are in an advanced stage and the airline is hopeful that the total write-off for the lease rentals would be roughly around Rs 1,000 crore.
Currently, SpiceJet is reportedly the only Indian airline to have 737Max in its fleet. The airline has announced that following the DGCA clearance, their fleet of 737 Max will soon be flying again.
As of Saturday, Fani has weakened into a "cyclonic storm leaving no more major threat" for West Bengal.
The government wants local carriers to deploy capacity on international routes from where Jet Airways has withdrawn operations due to severe fund crunch.
Private low-cost airlines Spice Jet is planning to set up a sea plane manufacturing hub in Bengal. The announcement was…
