Creditors seem to be running out of options to revive the grounded airline, unless SpiceJet can pull off a surprise.SpiceJet doesn’t come across as a company that is doing well enough to acquire another. The Ajay Singh-led airline hasn’t turned a profit in five years and seems to be struggling to meet its payment obligations. Sure, it may have finally come into some money after the recent fundraising announcement. But the Rs 2,242 crore that it cobbled together from a long list of 64…
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Source: https://themorningcontext.com/business/go-firsts-unusual-suitors-point-to-a-certain-liquidation