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SpiceJet remains financially stable, rules out insolvency proceedings

SpiceJet remains financially stable, rules out insolvency proceedings

SpiceJet Denies Insolvency Plans, Commences Fleet Revival with USD 50 Million SpiceJet, the budget carrier, announced that it has commenced the process of reviving its grounded fleet with USD 50 million, dispelling rumors of insolvency proceedings. The announcement comes after a lessor filed an insolvency resolution plea against the airline and a rival airline underwent...