According to a report, SpiceJet Ltd. is anticipated to obtain an additional 10 billion Indian rupees ($122.7 million) loan under the government’s modified Emergency Credit Line Guarantee Scheme. This news caused shares of SpiceJet Ltd. to increase by around 9% on Thursday.
According to sources cited by the Business Standard daily, the money will enable the airline pay off its debts, make on-time lease payments to lessors, and bring on new Boeing 737 Max aircraft.