Articles for tag: Aims, Aircraft, Battling, Challenges, Dire, Facing, Financial, Fleet, Legal, operational, Revival, SpiceJet, Struggles

Market News

Facing dire financial struggles, SpiceJet aims for a fleet revival to 100 aircraft by 2026, battling legal and operational challenges.

Facing dire financial struggles, SpiceJet aims for a fleet revival to 100 aircraft by 2026, battling legal and operational challenges.

SpiceJet, the domestic airline based in Gurugram, aims to expand its fleet to 100 aircraft by 2026, following a successful fundraising of Rs 3,000 crore through a qualified institutional placement. Chairman Ajay Singh noted that past challenges, including the grounding of Boeing 737 Max planes and the Covid-19 pandemic, have impacted the airline’s performance. Although ...

Market News

India faces a dire skills gap in engineering, endangering economic growth as 90% of graduates struggle for employment.

India faces a dire skills gap in engineering, endangering economic growth as 90% of graduates struggle for employment.

India produces around 1.5 million engineering graduates each year, but a significant employability gap exists. Only about 60% of these graduates are likely to find jobs, with just 45% meeting the skill requirements set by employers. This shortfall is due to a skills gap, particularly in advanced technologies and industries such as AI, robotics, and ...

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