The financial condition of this biggest airline of the country deteriorated, 1400 employees were laid off

New Delhi, 12 February. SpiceJet, one of the country's largest airlines, has laid off 1400 employees. This is about 15 percent of the company's total workforce. This step by the company is to attract investors amid the financial crisis. According to the information, the budget airline has around 9000 employees, who operate 30 airports. Out of these, 8 aircraft are taken on lease by the company from foreign airlines along with crew and pilots.

According to the report, these cuts have been made by the company as per the operational needs. The airline is currently paying a salary of Rs 60 crore per month. Earlier, some media reports had claimed that SpiceJet was delaying the payment of salaries for the last several months. Let us tell you, Spice Jet is working on a plan to raise funds of Rs 2200 crore from investors.

On behalf of the airline, it was said that all the plans of the company to raise funds are on track and information about it will be given soon. At its peak in 2019, SpiceJet had a fleet of 118 planes and a staff of more than 16,000. Currently, Akasa Airline is the closest competitor of SpiceJet. SpiceJet's shares witnessed a decline in Monday's trading session. The stock was trading at Rs 65.59 per share, down 4 per cent at 11 am on the NSE. The company's shares touched a low of Rs 65.05 and a high of Rs 68.97 in today's session.