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Published: Dec 29, 2021
Updated: Dec 29, 2021
Thanks to the continuous lockdowns in the country since March last year, at least two airlines, GoAir and Spice Jet, need urgent cash infusions.
While GoAir will need $500 million to stay afloat, Spice will need urgent cash to give salaries to its employees. GoAir is planning to tap the capital market by launching an IPO, but bankers have told the airline that there is not much appetite for the IPO. Spice Jet meanwhile is hoping that it will be able to survive the downturn by getting some compensation for the non-delivery of its aircraft from Boeing.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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