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Will SpiceJet’s Expansion Falter On A Thin Cash Buffer?

SpiceJet is expanding like never before. But it’s also surviving on a thin cushion of cash.

A SpiceJet Ltd. aircraft prepares to land at Chhatrapati Shivaji International Airport in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
A SpiceJet Ltd. aircraft prepares to land at Chhatrapati Shivaji International Airport in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
SpiceJet Ltd., India’s second-largest airline, is expanding like never before. But it’s also surviving on a thin cushion of cash.The company has been making the most of Jet Airways (India) Ltd.'s shutdown. Ajay Singh-led SpiceJet increased its capacity by more than 50 percent in the second quarter ended September—the most in last four years.The growth came despite the grounding of its Boeing’s 737 Max jets. But it’s below the company...
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