Days after raising Rs 3,000 crore through a Qualified Institutional Placement (QIP), budget carrier SpiceJet has started crediting the pending salaries of its employees for June, July and August.
Domestic airline SpiceJet has settled all outstanding salary dues for its employees, following a significant capital infusion of Rs 3,000 crore, according to a source familiar with the development.
SpiceJet does not rule out acquiring widebody aircraft for long-haul operations in the future, as it looks to build back capacity while working through its financial challenges. Airline chief Ajay ...