In India, A Budget Airline Plummets, A Luxury Airline Takes Off — forbes.com

A founder of the low-cost Indian airline SpiceJet has asked the government for more time to financially resuscitate the struggling airline. SpiceJet, India’s fourth-largest carrier, has been in a severe financial mess for most of the year. Earlier this month, thousands of SpiceJet passengers were stranded when unpaid suppliers refused to provide fuel, forcing it to cancel over 1,500 flights in the span of a week. Flights resumed only after the airline started the fuel in cash.

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