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Operation TURBULENCE: Curious Case Of SpiceJet - SEBI’s Special Exemption & Government Leniency; Read Zee News' Investigation
SpiceJet is facing significant challenges concerning its financial stability, regulatory compliance, and operational future. Over the past few years, the airline's condition has worsened. Dozens of its aircraft are currently grounded for various reasons, and passenger trust is dwindling. The airline's financial situation is precarious, with its market share plummeting to just 3.2%. SpiceJet is now plagued by bank defaults, legal battles, flight delays, financial instability, declining market share, delayed employee provident fund payments, numerous complaints, falling revenue, years of losses, and regulatory action from the DGCA.
SpiceJet is facing significant challenges concerning its financial stability, regulatory compliance, and operational future. Over the past few years, the airline's condition has worsened. Dozens of its aircraft are currently grounded for various reasons, and passenger trust is dwindling. The airline's financial situation is precarious, with its market share plummeting to just 3.2%. SpiceJet is now plagued by bank defaults, legal battles, flight delays, financial instability, declining market share, delayed employee provident fund payments, numerous complaints, falling revenue, years of losses, and regulatory action from the DGCA.
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