India’s Directorate General of Civil Aviation on July 27 ordered budget airline SpiceJet to operate no more than 50% of its scheduled flights for eight weeks 

India’s Directorate General of Civil Aviation on July 27 ordered budget airline SpiceJet to operate no more than 50% of its scheduled flights for eight weeks 

Ajay Singh, Chairman and Managing Director of Indian budget airline SpiceJet, speaks with the media next to a seaplane operated by SpiceJet's Spice Shuttle, in Ahmedabad, India, October 31, 2020. REUTERS/Amit Dave 

A seaplane, operated by Indian budget airline SpiceJet's Spice Shuttle, lands in the waters of Sabarmati river after it was inaugurated by India's Prime Minister Narendra Modi, in Ahmedabad, India, October 31, 2020. REUTERS/Amit Dave 

Gulf Air Chief Executive Officer Kresimir Kucko and Ajay Singh, Chairman of Indian low-cost carrier SpiceJet Ltd, exchange model planes as they attend a news conference in New Delhi, India, November 20, 2019. REUTERS/Cheena Kapoor 

Gulf Air Chief Executive Officer Kresimir Kucko and Ajay Singh, Chairman of Indian low-cost carrier SpiceJet Ltd, shake hands as they attend a news conference in New Delhi, India, November 20, 2019. REUTERS/Cheena Kapoor 

Ajay Singh, Chairman of Indian low-cost carrier SpiceJet Ltd, poses after an interview with Reuters in New Delhi, India October 4, 2019. REUTERS/Anushree Fadnavis 

Ajay Singh, Chairman of Indian low-cost carrier SpiceJet Ltd, speaks during an interview with Reuters in New Delhi, India October 4, 2019. REUTERS/Anushree Fadnavis 

A SpiceJet Boeing 737-800 airplane is seen after it overshot the runway while landing due to heavy rains at an airport in Mumbai, India July 2, 2019. REUTERS/Prashant Waydande 

A SpiceJet Boeing 737-800 airplane is seen after it overshot the runway while landing due to heavy rains at an airport in Mumbai, India July 2, 2019. REUTERS/Prashant Waydande 

A SpiceJet Boeing 737-800 airplane is seen after it overshot the runway while landing due to heavy rains at an airport in Mumbai, India July 2, 2019. REUTERS/Prashant Waydande 

A man walks past an Bombardier Q400 of Indian airline SpiceJet on static display, at the eve of the opening of the 53rd International Paris Air Show at Le Bourget Airport near Paris, France, June 16 2019. REUTERS/Pascal Rossignol 

Passengers board a SpiceJet Boeing 737-800 airplane, previously operated by Jet Airways, at an airport in New Delhi, India June 9, 2019. REUTERS/Danish Siddiqui 

Ajay Singh, Chairman of Indian low-cost carrier SpiceJet, speaks during the CAPA India Aviation Summit in Mumbai, India January 30, 2018. REUTERS/Danish Siddiqui 

An amphibious seaplane from Japan's Setouchi Holdings prepares to land in the Arabian Sea as part of a demonstration by Indian low-cost carrier SpiceJet in Mumbai, India, December 9, 2017. REUTERS/Shailesh Andrade 

A man anchors an amphibious seaplane from Japan's Setouchi Holdings after it landed in the Arabian Sea as part of a demonstration by Indian low-cost carrier SpiceJet in Mumbai, India, December 9, 2017. REUTERS/Shailesh Andrade 

Ajay Singh, Chairman of Indian low-cost carrier SpiceJet, speaks with the media before the landing of an amphibious seaplane from Japan's Setouchi Holdings in the Arabian Sea as part of a demonstration by SpiceJet in Mumbai, India, December 9, 2017. REUTERS/Shailesh Andrade 

A SpiceJet passenger aircraft Boeing 737-800 is seen after it overshoot the runway while landing on Tuesday night at the airport in Mumbai, India, September 20, 2017. REUTERS/Shailesh Andrade 

A SpiceJet passenger Boeing 737-800 aircraft takes off from Sardar Vallabhbhai Patel international airport in Ahmedabad, India May 19, 2016. REUTERS/Amit Dave 

A SpiceJet Boeing 737-800 passenger aircraft prepares to land at Sardar Vallabhbhai Patel international airport in Ahmedabad, India May 19, 2016. REUTERS/Amit Dave 

A SpiceJet passenger aircraft taxis on the runway at the airport next to a slum area in Mumbai December 19, 2014. A former part-owner of India's SpiceJet Ltd is leading a 12 billion rupees ($190.5 million) bailout plan to rescue the budget carrier from collapsing, two Indian newspapers reported on Friday. REUTERS/Shailesh Andrade (INDIA - Tags: TRANSPORT BUSINESS) 

An employee of SpiceJet Airlines speaks with a passenger at the ticket counter at an airport on the outskirts of Agartala, capital of India's northeastern state of Tripura, December 17, 2014. The parent of India's SpiceJet Ltd said it can't afford to bail out the cash-strapped budget carrier that was forced to ground its entire fleet on Wednesday after creditor oil firms refused to refuel the aircraft. The loss-making airline, majority-owned by billionaire media tycoon Kalanithi Maran's Sun Group, has a fleet of around 22 Boeing Co planes but owes nearly $100 million to a raft of creditors including state-owned oil companies. This week it asked the Indian government for help to keep its aircraft in the air. REUTERS/Jayanta Dey (INDIA - Tags: TRANSPORT BUSINESS) 

A Buddhist monk, who is a passenger of SpiceJet Airlines, stands next to a notice while waiting outside the ticketing counter after his flight was cancelled at the domestic terminal of the airport in New Delhi December 17, 2014. The parent of India's SpiceJet Ltd said it can't afford to bail out the cash-strapped budget carrier that was forced to ground its entire fleet on Wednesday after creditor oil firms refused to refuel the aircraft. The loss-making airline, majority-owned by billionaire media tycoon Kalanithi Maran's Sun Group, has a fleet of around 22 Boeing Co planes but owes nearly $100 million to a raft of creditors including state-owned oil companies. This week it asked the Indian government for help to keep its aircraft in the air. REUTERS/Anindito Mukherjee (INDIA - Tags: TRANSPORT BUSINESS RELIGION) 

Passengers of SpiceJet Airlines wait outside the ticketing counter after their flight was cancelled at the domestic terminal of the airport in New Delhi December 17, 2014. The parent of India's SpiceJet Ltd said it can't afford to bail out the cash-strapped budget carrier that was forced to ground its entire fleet on Wednesday after creditor oil firms refused to refuel the aircraft. The loss-making airline, majority-owned by billionaire media tycoon Kalanithi Maran's Sun Group, has a fleet of around 22 Boeing Co planes but owes nearly $100 million to a raft of creditors including state-owned oil companies. This week it asked the Indian government for help to keep its aircraft in the air. REUTERS/Anindito Mukherjee (INDIA - Tags: TRANSPORT BUSINESS) 

A man looks out through a window with an advertisement of SpiceJet Airline, on a commercial building in the western Indian city of Ahmedabad February 14, 2014. SpiceJet Ltd, India's fourth-biggest airline by market share, reported a quarterly loss mainly due to higher fuel costs and a weak local currency. REUTERS/Amit Dave (INDIA - Tags: TRANSPORT BUSINESS) 

Employees work inside a travel agency office besides a model of a SpiceJet aircraft in the western Indian city of Ahmedabad February 14, 2014. SpiceJet Ltd, India's fourth-biggest airline by market share, reported a quarterly loss mainly due to higher fuel costs and a weak local currency. REUTERS/Amit Dave (INDIA - Tags: TRANSPORT BUSINESS) 

A SpiceJet Boeing 737-800 passenger plane moves on the runway at the Sardar Vallabhbhai Patel international airport in the western Indian city of Ahmedabad January 8, 2014. Indian budget airline SpiceJet has agreed to buy about 40 Boeing 737 jets worth over $4 billion at list prices, industry sources said, a move that could help the loss-making carrier as it seeks new investors. REUTERS/Amit Dave (INDIA - Tags: TRANSPORT BUSINESS) 

A SpiceJet Airlines aircraft flies past newly-constructed hotels on the way to landing at the Indira Gandhi International Airport in New Delhi April 1, 2013. A number of the 12 newly-built or planned hotels next to India's busiest airport, at a cost totalling more than $2 billion, have been unable to open as they await security clearance from police worried about their proximity to an active runway. The cluster of hotels known as Aerocity, on a site bigger than 40 American football fields, was approved by the government six years ago. Picture taken April 1, 2013. REUTERS/Adnan Abidi (INDIA - Tags: BUSINESS CONSTRUCTION REAL ESTATE TRAVEL TRANSPORT) 

A SpiceJet Airlines aircraft flies past hotels being constructed on the way to landing at the Indira Gandhi International Airport in New Delhi April 1, 2013. A number of the 12 newly-built or planned hotels next to India's busiest airport, at a cost totalling more than $2 billion, have been unable to open as they await security clearance from police worried about their proximity to an active runway. The cluster of hotels known as Aerocity, on a site bigger than 40 American football fields, was approved by the government six years ago. Picture taken April 1, 2013. REUTERS/Adnan Abidi (INDIA - Tags: BUSINESS CONSTRUCTION REAL ESTATE TRAVEL TRANSPORT) 

The Etihad Airways headquarters is pictured in Abu Dhabi November 27, 2012. Loss-making carriers Jet Airways and SpiceJet are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd, respectively, to sell minority stakes, a government source said. Any deal would be the first since India changed its rules in September 2012 to allow foreign carriers to buy stakes of up to 49 percent in local airlines, which have been battered by fierce competition and high operating costs. REUTERS/Ben Job (UNITED ARAB EMIRATES - Tags: TRANSPORT BUSINESS) 

People walk past the Etihad Airways headquarters in Abu Dhabi November 27, 2012. Loss-making carriers Jet Airways and SpiceJet are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd, respectively, to sell minority stakes, a government source said. Any deal would be the first since India changed its rules in September 2012 to allow foreign carriers to buy stakes of up to 49 percent in local airlines, which have been battered by fierce competition and high operating costs. REUTERS/Ben Job (UNITED ARAB EMIRATES - Tags: TRANSPORT BUSINESS) 

A Jet Airways Boeing 737-800 aircraft takes off from the Chhatrapati Shivaji international airport in Mumbai November 26, 2012. Struggling carriers Jet Airways India Ltd and SpiceJet Ltd are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd to sell minority stakes, a senior government official with direct knowledge of the talks said. REUTERS/Danish Siddiqui (INDIA - Tags: TRANSPORT BUSINESS) 

A SpiceJet Boeing 737-800 aircraft taxis on the tarmac after landing at Chhatrapati Shivaji international airport in Mumbai November 26, 2012. Struggling carriers Jet Airways India Ltd and SpiceJet Ltd are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd to sell minority stakes, a senior government official with direct knowledge of the talks said. REUTERS/Danish Siddiqui (INDIA - Tags: TRANSPORT BUSINESS) 

Vehicles move past a SpiceJet Airlines billboard near the airport in the western Indian city of Ahmedabad November 26, 2012. Struggling carriers Jet Airways India Ltd and SpiceJet Ltd are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd to sell minority stakes, a senior government official with direct knowledge of the talks said. REUTERS/Amit Dave (INDIA - Tags: TRANSPORT BUSINESS) 

A passenger stands outside the SpiceJet Airlines ticket counter at the domestic airport on the outskirts of Agartala, capital of India's northeastern state of Tripura November 26, 2012. Struggling carriers Jet Airways India Ltd and SpiceJet Ltd are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd to sell minority stakes, a senior government official with direct knowledge of the talks said. REUTERS/Jayanta Dey (INDIA - Tags: TRANSPORT BUSINESS) 

Construction workers erect scaffolding at the site of metro station as a SpiceJet Airlines aircraft flies past in the southern Indian city of Chennai May 14, 2012. Growth in Asia's third-largest economy is slowing as costlier credit and the impact of Europe's debt crisis on exports have sapped expansion. Gross domestic product rose 6.1 percent in December quarter from a year earlier, the slowest pace in near three years. REUTERS/Babu (INDIA - Tags: TRANSPORT BUSINESS CONSTRUCTION) 

Airport staff stand next to parked passenger jets of IndiGo and Jet Airways (front) at an airport in Kolkata May 6, 2012. All but two major airlines in India have defaulted on paying airport charges, Civil Aviation Minister Ajit Singh said on Wednesday. IndiGo, the only profitable airline in the country, and privately-held GoAir have not defaulted on airport payments, Singh told lawmakers in a written reply. The government has initiated legal action against Kingfisher Airlines "towards dishonour of the cheques submitted" by the carrier, while Jet Airways and Spicejet have been served notices on overdues, Singh said. Picture taken May 6, 2012. REUTERS/Rupak De Chowdhuri (INDIA - Tags: TRANSPORT BUSINESS) 

A SpiceJet Boeing 737-800 aircraft is parked on the tarmac at Rajiv Gandhi International Airport in Hyderabad March 7, 2012. REUTERS/Vivek Prakash (INDIA - Tags: TRANSPORT BUSINESS) 

A SpiceJet Boeing 737-800 aircraft is parked on the tarmac at Rajiv Gandhi International Airport in Hyderabad March 7, 2012. REUTERS/Vivek Prakash (INDIA - Tags: TRANSPORT BUSINESS) 

Ground staff work near a SpiceJet Airlines aircraft parked on the tarmac at Bengaluru International Airport in Bangalore March 5, 2012. REUTERS/Vivek Prakash (INDIA - Tags: TRANSPORT BUSINESS) 

Neil Mills, Chief Executive Officer of India's SpiceJet, takes a question at the Low Cost Airlines World Asia Pacific conference in Singapore February 9, 2012. REUTERS/Edgar Su (SINGAPORE - Tags: TRANSPORT BUSINESS HEADSHOT) 

Spice Jet's founder Bhupendra Kansagra (R) listens to U.S. President Barack Obama and Boeing Military Aircraft's Christopher Chadwick (C) at a meeting of CEOs at the U.S.-India Business and Entrepreneurship Summit in Mumbai November 6, 2010. Obama hailed India on Saturday as a vital source of U.S. growth and jobs as his administration announced relaxation of U.S. export controls to spur trade between the two countries. REUTERS/Jason Reed (INDIA - Tags: POLITICS BUSINESS) 

Spice Jet founder Bhupendra Kansagra (R) speaks to U.S. President Barack Obama (2nd L) and Boeing Military Aircraft's Chairman Christopher Chadwick at a meeting of CEOs at the U.S.-India Business and Entrepreneurship Summit in Mumbai November 6, 2010. Obama hailed India on Saturday as a vital source of U.S. growth and jobs as his administration announced relaxation of U.S. export controls to spur trade between the two countries. REUTERS/Jason Reed (INDIA - Tags: POLITICS BUSINESS TRANSPORT) 

U.S. President Barack Obama speaks next to Boeing Military Aircraft's Chairman Christopher Chadwick and Spice Jet's founder Bhupendra Kansagra (L-R) at a meeting of CEOS at the U.S.-India Business and Entrepreneurship Summit in Mumbai November 6, 2010. Obama hailed India on Saturday as a vital source of U.S. growth and jobs as his administration announced relaxation of U.S. export controls to spur trade between the two countries. REUTERS/Jason Reed (INDIA - Tags: POLITICS BUSINESS) 

India's SpiceJet aircraft prepares for landing at the airport in Mumbai July 15, 2008. Budget carrier SpiceJet Ltd said on Tuesday U.S. investor WL Ross & Co LLC will invest about 3.45 billion rupees ($80 million) in the company, helping the shares surge 16 percent in a weak Mumbai market. REUTERS/Punit Paranjpe (INDIA) 

India's SpiceJet aircraft prepares for takeoff at the airport in Mumbai July 15, 2008. Budget carrier SpiceJet Ltd said on Tuesday U.S. investor WL Ross & Co LLC will invest about 3.45 billion rupees ($80 million) in the company, helping the shares surge 16 percent in a weak Mumbai market. REUTERS/Punit Paranjpe (INDIA) 

India's SpiceJet aircrafts prepare for landing and take-off at the airport in Mumbai July 15, 2008. Budget carrier SpiceJet Ltd said on Tuesday U.S. investor WL Ross & Co LLC will invest about 3.45 billion rupees ($80 million) in the company, helping the shares surge 16 percent in a weak Mumbai market. REUTERS/Punit Paranjpe (INDIA) 

The Spice Girls (L-R) Melanie Brown, Geri Halliwell, Emma Bunton, Melanie Chisholm and Victoria Beckham unveil a Virgin Atlantic Boeing 747 plane named "Spice One" in honor of the pop group at Los Angeles international airport on December 12, 2007. REUTERS/Mario Anzuoni (UNITED STATES)