Tag Spicejet

SpiceJet to Potentially Layoff Over 1,000 Employees

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SpiceJet is set to undergo a significant transformation by laying off at least 1,000 employees in a bid to slash costs and streamline operations. Amidst financial woes, the airline's move seeks to balance manpower with its fleet size, promising operational efficiency and annual savings of Rs 100 crore. With a focus on fleet upgrading and performance enhancement, SpiceJet's leadership is steering the company towards a sustainable future.

SpiceJet May Soon Start Direct Flights to Lakshadweep

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Amidst the diplomatic spat between India and Maldives, SpiceJet takes a bold step, securing exclusive rights for flights to Lakshadweep. The airline's AGM unveils plans for streamlined routes and network expansion, coinciding with a surge in interest for domestic beach destinations in the wake of recent controversies.

SpiceJet Secures Over Rs 2250 Crore Lifeline

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SpiceJet, battling financial turbulence for months, has received a crucial Rs 2,250 crore investment boost. This lifeline from a group of investors, including Elara India and Aries Opportunities Fund, promises to strengthen the airline's finances, improve operations, and fuel its growth aspirations.