The endgame may have begun for SpiceJet. The South-based low-cost carrier has made a last-ditch effort to stay afloat, seeking an emergency meeting with the aviation regulator. The airline sought to lift the curbs on advance bookings and a moratorium imposed by airport authorities in this meeting. But the government has ruled out any bailout of sorts, although oil marketing companies have softened their stance after threatening to put the carrier on cash-and-carry mode. So how long will SpiceJet be able to stay afloat before it goes the Kingfisher way? Listen in to this detailed ET NOW report as well as a discussion with former Civil Aviation Secretary Ajay Prasad.
