Overview
- Civil Aviation Minister K. Ram Mohan Naidu said on Tuesday that the Ministry and the Directorate General of Civil Aviation are carrying out ongoing operational and financial checks of SpiceJet to ensure safety is not compromised.
- The DGCA is in regular contact with the airline and conducting continuous monitoring of performance and compliance with regulatory standards.
- SpiceJet has been shrinking its fleet and losing domestic market share while facing cash stress, and the carrier is seeking funds under the expanded Emergency Credit Line Guarantee Scheme (ECLGS 5.0).
- The government says its role is limited by SpiceJet’s private ownership but officials are engaging with the airline to facilitate support where legally possible.
- Wider pressure on the aviation sector from higher turbine fuel costs, restricted airspace and reduced international flying linked to the West Asia conflict prompted the Rs 5,000 crore targeted allocation in ECLGS 5.0 that SpiceJet is pursuing.