SpiceJet is reportedly working toward a possible recovery by mid-October, with plans shifting toward operational support such as taking additional wet leases. The company’s approach also includes seeking financial support under the Emergency Credit Line Guarantee Scheme (ECLGS), with references to an approximately Rs 350-crore requirement.
Alongside these operational and funding plans, multiple reports highlight a continuing financial strain. SpiceJet is said to be dealing with delayed salary payments, with employees reportedly not receiving salaries for roughly the past three and a half months. Outlets frame the company’s timeline as contingent on securing the needed leases and credit support, though details of approvals and implementation are not consistent across coverage.
Overall reporting ties the mid-October recovery expectation to two parallel tracks—access to aircraft capacity through wet leasing and access to credit through ECLGS—while noting that cash-flow issues, including unpaid wages, remain a central concern.
