SpiceJet is working to revive 25 grounded planes and has so far mobilised Rs 400 crore for revival of these aircraft. Funds for the revival of the 25 aircraft will be drawn from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals.
The airline has around 80 planes in its fleet and is looking to revive 25 grounded Boeing 737 and Q400 aircraft. The airline has already mobilised around Rs 400 crore towards getting its grounded fleet back in the air, which will further enhance its topline. SpiceJet has already taken around Rs 500 crore under the ECLGS.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
