India’s SpiceJet CFO resigns as losses widen
2022.08.31 17:34
FILE PHOTO: A SpiceJet passenger Boeing 737-800 aircraft takes off from Sardar Vallabhbhai Patel international airport in Ahmedabad, India May 19, 2016. REUTERS/Amit Dave
BENGALURU (Reuters) – India’s low-cost carrier SpiceJet Ltd said on Wednesday Chief Financial Officer Sanjeev Taneja had resigned amid widening losses and a series of mid-air incidents. The company reported a loss of 7.84 billion rupees ($98.61 million) for the quarter ended June 30, compared with a loss of 7.31 billion rupees a year earlier. (https://
The company had also reported a loss 4.85 billion rupees for the quarter ended March, which the company said was delayed due to a cyber security attack. SpiceJet said it would raise funds up to $200 million. Some banks have raised concerns about loans to the carrier.
($1 = 79.5080 Indian rupees)
